At meeting held on 03 March 2015
Crompton Greaves announced that the Board of Directors of the Company at its meeting held on 03 March 2015, has transacted the following:- Scheme of demerger of Consumer BU :
A new Scheme of demerger of the Consumer Products Business Unit of the Company into CG's wholly owned subsidiary Crompton Greaves Consumer Electricals was approved by the Board, and the existing scheme with Crompton Greaves Consumer Products is withdrawn. The new Scheme consists of 100% vertical demerger of the Consumer BU, and will come into effect from the Appointed Date 01 October, 2015, subject to receipt of all Regulatory approvals.
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