Butterfly Gandhimathi public shareholders reject merger plan with Crompton
Merger plan turned down despite possibility of 7% premium; shares of Crompton Greaves Consumer Electricals trade 0.41% down
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Concerns related to change in directorate may impact Crompton Greaves’ valuation: ICICI Securities
The brokerage firm has maintained a ‘Buy’ rating for the company, with a revised target price of ₹325.
Crompton Greaves shares hit 1-year low as CEO resigns
The board of the household appliances maker appointed Promeet Ghosh as the managing director and CEO for a period of five years.
Butterfly Gandhimathi stock falls 5% on merger with Crompton Greaves
Following the merger, Butterfly's minority shareholders will hold 3% stake in Crompton.
Crompton Greaves to buy Butterfly Gandhimathi in ₹2,076 crore deal
The consumer durables company signed agreements with kitchen appliance maker Butterfly Gandhimathi to acquire up to 55% stake.
