Crompton Greaves Consumer Electricals Limited announced that Shantanu Khosla has been appointed and elevated as the Executive Vice Chairman for a period of one year from May 1, 2023 till April 30, 2024, and thereafter as ‘Non-Executive Vice Chairman’ till December 31, 2025. In view of his elevation as Executive Vice Chairman, he will be…
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…