Butterfly Gandhimathi Appliances Ltd., South-India’s leading kitchen and small domestic appliances player has announced the appointment of K. E. Ranganathan as an Additional Director (Non-Executive, Independent) and Swetha Sagar G as the Product Line Head – Kitchen Appliances. By strengthening the Board with an industry veteran and elevating its leadership in the Kitchen Appliances division,…
Butterfly Gandhimathi Appliances Ltd., South-India’s leading kitchen and small domestic appliances player, announced the appointment of V A Joseph as Chief Financial Officer of the company, with effect from November 9, 2023. According to the company’s exchange filing, “The Board of Directors upon recommendation of Nomination and Remuneration Committee and Audit Committee considered and approved…
Crompton Greaves Consumer Electricals Ltd. (Crompton) and Butterfly Gandhimathi Appliances Ltd (Butterfly) announced a proposed scheme of amalgamation of Butterfly with Crompton. Upon Merger, the public shareholders of Butterfly as on the record date will receive 22 equity shares of Crompton for every 5 equity shares held by them in Butterfly, as a consideration for…
Crompton, an electrical consumer durables company in India, announced that it has signed definitive agreements on February 22, 2022 to: (a) acquire upto 55% stake in Butterfly, a company engaged in the manufacturing, marketing and distribution of kitchen and small domestic appliances (SDA), at a price of INR 1,403.00 per equity share, and (b) Trademarks…