Crompton Greaves Consumer Electricals Ltd Clarifies: Not Involved in Discussions Over Majority Stake Acquisition
Crompton Greaves Consumer Electricals Limited has issued a clarification concerning recent media reports regarding potential acquisitions. The company specifically addressed reports suggesting it is a bidder in the race to acquire a majority stake in Crompton Consumer.The company stated that it is not engaged in any discussions concerning the matter referenced in the aforesaid media reports.
The clarification was issued by Crompton Greaves Consumer Electricals Limited, confirming the company's stance regarding the reported acquisition activity. Kaleeswaran Arunachalam, the Chief Financial Officer, is associated with the filing.
CROMPTON Stock Price Movement
On Friday, Crompton Greaves Consumer Electricals Limited shares edged higher, closing at ₹301.95 after gaining 4.45%. The equity saw active trading, settling on a robust volume of 18.05 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.