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Crompton Greaves updates on scheme of arrangement

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Capital Market

Scheme gets approval of RBI and Competition Commission of India

Crompton Greaves announced that the company has now received further communication from one of the entities of its promoter group, Avantha Holdings, stating that the regulatory approvals for divesting its entire shareholding in Crompton Greaves Consumer Electricals, have been obtained from Reserve Bank of India and Competition Commission of India.

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First Published: Jul 01 2015 | 8:27 PM IST

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