Crompton Greaves Consumer Electricals has announced the acquisition of a 55 percent stake in Butterfly Gandhimathi Appliances from the existing promoter group for a consideration of Rs 1,380 crore. Crompton Greaves will also purchase land parcels and brand-related trademarks for Rs 85 crore and Rs 30 crore, respectively. Further, Crompton will launch an open offer to acquire an additional 26 percent stake in the company. The transaction is expected to be financed through a combination of cash and debt. About...
Moneycontrol Pro Panorama | GST: A simple, reliable tax still a distant dream?
May 20, 2022 / 04:41 PM IST
In today’s edition of Moneycontrol Pro Panorama: A peek into Strategy Lab, ITC makes it to Weekly Tactical, wide canvas for Nazara, shock proof your portfolio and moreRead Now
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