Crompton Greaves

Butterfly Gandhimathi slips 5% on merger with Crompton Greaves Consumer

Crompton Greaves will issue 22 fully paid up shares of Rs 2 each for every five fully paid up shares of Rs 10 each of Butterfly

Crompton Greaves Consumer Electricals announces merger with Butterfly

Crompton Greaves Consumer Electricals Ltd (CGCEL) and Butterfly Gandhimathi Appliances have announced a merger to accelerate and smoothen the realisation of synergies of the combined business. This will also simplify corporate and governance structure and convergence of public shareholders of Butterfly at the parent level and align interests for shareholders of both companies, said a joint statement. This would be based on a share swap, it added. "Upon merger, the public shareholders of Butterfly as on the record date will receive 22 equity shares of Crompton for every 5 equity shares held by them in Butterfly, as a consideration for the merger," it said. Post-merger, the public shareholders of Butterfly will hold ~3 per cent stake in the the combined entity, it added. "The scheme is subject to the necessary statutory and regulatory approvals including approval of the stock exchanges, SEBI, the respective shareholders and creditors of each of the companies and NCLT (Mumbai and Che

Eicher Motors CFO Arunachalam resigns, to join Crompton Greaves on Sept 5

The company has stated that the appointment of a new CFO in his place would be intimated in due course

Outlook positive for CG Consumer despite home appliance firm's Q1 miss

Market share gains in key categories and entry into premium kitchen appliances are positives

Crompton Greaves Consumer Electricals net profit up 33% at Rs 125.95 cr

Crompton Greaves Consumer Electricals Ltd on Friday reported a 33 per cent increase in consolidated net profit at Rs 125.95 crore in the first quarter ended June 30, on the back of higher sales

Street Signs: Market uptrend, short covering in Tata Motors, and more

Nifty has not gained for more than three weeks in a row since mid-January 2022

Adani, LG among 15 firms chosen by DPIIT for round-2 of white goods PLI

Rs 1,368 cr committed for manufacturing ACs and LED light components; Total production pegged at Rs 25,583 crore over five years, with 4,000 direct job opportunities

Crompton Greaves plans to raise up to Rs 925 cr via debt securities

The board is scheduled to meet on Monday, June 13, 2022, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a regulatory filing

Crompton Greaves net declines 29% to Rs 176.55 cr in March quarter

The company had posted a net profit of Rs 249.08 crore in the January-March period a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a BSE filing

Fag-end selling drags Sensex for 6th day, dips 69 pts; RIL slips 1%

Closing Bell: The frontline S&P BSE Sensex fell 69 points to settle at 57,232 levels while the Nifty50 shut shop at 17,063 down 29 points

Butterfly Gandhimathi hits record high on open offer by Crompton Greaves

Shares of Crompton Greaves Consumer Electricals also rallied 5 per cent to Rs 396.35 on the BSE in intra-day trade

Rs 2,435-cr bank fraud case: CBI books ex-Crompton Greaves chairman, others

The CBI on Thursday carried out searches at locations in Mumbai, Delhi and Gurgaon.

Crompton Greaves Consumer Electricals Q3 net down 6% to Rs 151 cr

Crompton Greaves Consumer Electricals on Friday reported a 6.13 per cent decline in consolidated quarterly net profit

Consumer Durables index at new high; Voltas, Crompton, Polycab up over 5%

Havells India reported healthy Q3 performance on the back of strong festive demand, market share gains and increased penetration in smaller towns

Crompton Greaves sees inorganic growth opportunities to enter more segments

Appliances maker Crompton Greaves Consumer Electricals is looking at inorganic growth opportunities and is engaged in discussions for the same as it looks to enter more product segments.

Crompton Consumer's fortunes may light up as Covid-19 lockdown eases

In Q4, the profit margin maintained a strong trajectory, improving sequentially due to cost control and a superior sales-mix

Crompton surprises Street with Q3 profit; analysts remain bullish on stock

While lighting segment saw continued pricing pressure, the electrical consumer durables segment was the show stopper in December quarter

Crompton Consumer on a firm footing, led by growth in electrical appliances

Improving profitability in durables, tax cuts to drive earnings

MCA orders probe against CG Power, inspection report to be ready soon

The office of the MCA's regional director, western region, is in charge of the probe

CG Consumer's earnings to grow by up to 20% annually, say analysts

Analysts remain confident on its consumer durables business and expect the company's earnings to grow by up to 20 per cent annually