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Crompton Greaves updates on demerger of consumer products unit

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Capital Market
Last Updated : Nov 24 2014 | 11:01 AM IST

On 24 November 2014

Crompton Greaves announced that with regards to proposal to demerge the Consumer Products undertaking into Crompton Greaves Consumer Products, one of the entities of the promoter group of the Company (Avantha Holdings) is likely to sell a portion of its shareholding in the resultant company - Crompton Greaves Consumer Products, subject to agreement of terms and conditions and execution of a definitive agreement.

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First Published: Nov 24 2014 | 9:40 AM IST

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