CROMPTON GREAVES LTD. - Consumer BU Demerger

CROMPTON GREAVES LTD. - Consumer BU Demerger - Disclosure from Promoter

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24 Apr 2015
With reference to the earlier announcement dated November 24, 2014, wherein the Company had intimated that one of the<BR>entities of the promoter group of the Company (Avantha Holdings Limited) is likely to sell a portion of its shareholding in the Company which will house the demerged Consumer business of the Company, subject to agreement of terms and conditions and execution of a definitive agreement.<BR><BR>Crompton Greaves Ltd has informed BSE that the Company have now received further communication from Avantha Holdings Limited indicating their proposal to divest their entire shareholding in Crompton Greaves Consumer Electricals Limited. A copy of the disclosure from Avantha Holdings Limited is enclosed.
View all announcements for CROMPTON GREAVES LTD.	Source: BSE India

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