Crompton Greaves trades higher on the BSE
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Crompton Greaves is currently trading at Rs. 406.20, up by 4.20 points or 1.04% from its previous closing of Rs. 402.00 on the BSE.
The scrip opened at Rs. 400.00 and has touched a high and low of Rs. 407.40 and Rs. 391.05 respectively. So far 94540 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 503.05 on 01-Oct-2021 and a 52 week low of Rs. 312.05 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 424.55 and Rs. 391.40 respectively. The current market cap of the company is Rs. 25661.17 crore.
The promoters holding in the company stood at 5.94%, while Institutions and Non-Institutions held 82.25% and 11.81% respectively.
Crompton Greaves Consumer Electricals (Crompton Greaves) had received approval to sell upto 10,72,775 equity shares of face value of Rs 10 each of Butterfly Gandhimathi Appliances, a material subsidiary of the Company, representing upto 6% of its total issued and paid-up equity share capital through an offer for sale through stock exchange mechanism, in accordance with the applicable laws, towards compliance with the requirement of minimum public shareholding requirements in terms of Rule 19A of the Securities Contracts (Regulation) Rules, 1957, as amended, read with Regulation 38 of the SEBI Listing Regulations. Executive Committee of Directors of the company at its meeting held on September 19, 2022 approved the same.
Crompton Greaves Consumer Electricals manufactures and markets a wide spectrum of consumer products ranging from fans, light sources and luminaires, pumps and household appliances, such as geysers, mixer grinders, toasters and irons.
