Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform that on February 22, 2022, Crompton Greaves Consumer Electricals has informed that the Board of Directors of Crompton the Company considered and approved, to enter into two separate agreements to acquire 9.12 acres of land from LLM Appliances for a consideration of INR 63.00cr and 3.37 acres of land from V. M. Balasubramaniam for a consideration of INR 22.00cr, located at Plot No. 143, Pudupakkam village, Vandalur Kelambakkam Road, Kelambakkam, Chengalpettu, Tamil Nadu - 603103 (‘Land Parcels’), respectively. The consideration for each of the Land Parcels has been determined taking into account valuation reports dated February 18, 2022 issued by K. V. Venugopal, Registered Valuer. The said Land Parcels are located adjacent to the registered office of Butterfly Gandhimathi Appliances (‘Butterfly’). The information required pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015 is enclosed as Annexure 1.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Crompt.Greaves Cons. | 293.35 |
| Whirlpool Of India | 955.90 |
| Bajaj Electricals | 406.70 |
| Orient Electric | 189.35 |
| TTK Prestige | 519.35 |
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