The Honorable High Court of Judicature at Bombay has on November 20, 2015 approved the Scheme of Demerger of the Consumer Products Business Unit of the Crompton Greaves Limited (CG) into CG's wholly owned subsidiary Crompton Greaves Consumer Electricals Limited (CGCEL). This Scheme was approved by the Shareholders of the CG at the Court Convened Meeting held on August 13, 2015.
Upon the effective implementation of the Scheme, CGCEL will issue and allot to the shareholders of CG as on the…
Crompton Greaves poised for re-rating of the stock
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