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Crompton Greaves Consumer Electricals signs agreements to acquire stake in Butterfly

23 Feb 2022 Evaluate

Crompton Greaves Consumer Electricals (Crompton) has signed definitive agreements on February 22, 2022 with certain members of the promoter group of Butterfly Gandhimathi Appliances (Butterfly) to acquire upto 55% stake at Rs 1,403.00 per equity share, aggregating upto Rs 1,379.68 crore, and certain Butterfly trademarks in allied and cognate classes from promoter group entities (Trademarks) for a consideration of Rs 30.38 crore.

The company will launch the mandatory open offer to the public shareholders of Butterfly, for acquiring upto 26% stake in Butterfly at a price of Rs 1,433.90 per equity share, aggregating upto Rs 666.57 crore; for an aggregate total consideration of upto Rs 2,076.63 crore. The transaction will accelerate Crompton's long-term strategic goal of becoming a leading player in the small domestic appliances segment.

Crompton Greaves Consumer Electricals manufactures and markets a wide spectrum of consumer products ranging from fans, light sources and luminaires, pumps and household appliances, such as geysers, mixer grinders, toasters and irons.

Crompt.Greaves Cons. Share Price

293.35 2.70 (0.93%)
08-May-2026 16:59 View Price Chart
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