Moneycontrol PRO

Crompton Consumer spreads its wings, with buyout of Butterfly Gandhimathi

In FY21, Butterfly clocked a revenue growth of 27 percent despite the pandemic disruptions

February 24, 2022 / 10:41 AM IST
Crompton Consumer spreads its wings, with buyout of Butterfly Gandhimathi

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...

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers