iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Crompton Greaves Consumer Electricals completes 55% acquisition of Butterfly Gandhimathi Appliances

31 Mar 2022 , 01:40 PM

Crompton Greaves Consumer Electricals Limited updated the exchanges on disclosure dated March 25, 2022 in connection with the acquisition of 98,33,754 equity shares of Butterfly Gandhimathi Appliances Limited (Target Company) representing 55.00% of the equity share capital of Target Company (Sale Shares) by the company through the stock exchange settlement process.

The Sale Shares have been transferred to Crompton’s demat account on March 30, 2022 and Crompton can exercise voting rights in relation to the same.

Crompton has acquired sole control over the Target Company w.e.f. March 30, 2022 and has become the promoter of the Target Company.

At around 1.42 pm, Crompton Greaves Consumer Electricals Ltd was trading at Rs374.35 per share up by Rs2.15 or 0.58% from its previous closing of Rs372.20 per share on the BSE.

Related Tags

  • acquisition
  • Butterfly Gandhimathi Appliances
  • Crompton Greaves Consumer Electricals Limited
  • Crompton Greaves news
  • Crompton Greaves share price
  • Crompton Greaves stock price
  • Target Company
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp