CROMPTON GREAVES LTD. - Outcome of Board Meeting - Crompton Greaves Board approves the Scheme for vertical demerger of Consumer Products Business into a separate listed company

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03 Mar 2015
Crompton Greaves Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 03, 2015, has transacted the following:<BR><BR>- Scheme of demerger of Consumer BU :<BR><BR>A new Scheme of demerger of the Consumer Products Business Unit of the Company into CGs wholly owned subsidiary Crompton Greaves Consumer Electricals Limited was approved by the Board, and the existing scheme with Crompton Greaves Consumer Products Limited is withdrawn. The new Scheme consists of 100% vertical demerger of the Consumer BU, and will come into effect from the Appointed Date 1st October, 2015, subject to receipt of all Regulatory approvals. Details on key highlights of the new Scheme are enclosed as Annexure A to this letter.
View all announcements for CROMPTON GREAVES LTD.	Source: BSE India

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