Crompton Greaves Consumer Electricals has acquired 98,33,754 equity shares representing 55% of the equity share capital of Butterfly Gandhimathi Appliances through the stock exchange settlement process. The company has deposited the entire consideration payable under the open offer to the public shareholders of the Butterfly Gandhimathi Appliances (Open Offer') (assuming full acceptance) in cash in the cash escrow account in accordance with the Takeover Regulations.
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.
