Tag: Rangarajan Sriram

Crompton and Butterfly announce merger

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…