Crompton Greaves gets nod to sell 6% stake in Butterfly Gandhimathi Appliances

19 Sep 2022 Evaluate

Crompton Greaves Consumer Electricals (Crompton Greaves) has received approval to sell upto 10,72,775 equity shares of face value of Rs 10 each of Butterfly Gandhimathi Appliances, a material subsidiary of the Company, representing upto 6% of its total issued and paid-up equity share capital through an offer for sale through stock exchange mechanism, in accordance with the applicable laws, towards compliance with the requirement of minimum public shareholding requirements in terms of Rule 19A of the Securities Contracts (Regulation) Rules, 1957, as amended, read with Regulation 38 of the SEBI Listing Regulations. Executive Committee of Directors of the company at its meeting held on September 19, 2022 approved the same.

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

267.30 1.95 (0.73%)
28-Mar-2024 16:01 View Price Chart
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Company Name CMP
Crompt.Greaves Cons. 267.30
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