Crompton Greaves Consumer Electricals signed definitive agreements on February 22, 2022 with certain contributors of the promoter institution of Butterfly Gandhimathi
Appliances to acquire
(a) upto 55% stake at Rs. 1,403.00 in step with equity percentage, aggregating upto Rs. 1,379.68 cr, and
(b) certain Butterfly emblems in allied and cognate instructions from promoter institution entities for a consideration of Rs. 30.38 cr.
Crompton will launch the required open provide to the general public shareholders of Butterfly, for obtaining upto 26% stake in Butterfly at a price of Rs. 1,433.Ninety per equity proportion, aggregating upto Rs 666.57 cr; for an combination general consideration of upto Rs. 2,076.Sixty three cr.
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