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Crompton Greaves Ltd To Acquire Lighting Division Of Karma Industries

Friday, 11 Jan 2013 09:38am EST 

Crompton Greaves Ltd announced that the Company has concluded an arrangement for acquisition of the Compact Fluorescent Lamps (CFL) business of Karma Industries at Baddi, Himachal Pradesh. The approximate value of acquisition of the abovementioned business is INR145 million. The acquisition will double the Company‚Äôs capacity in the fast-growing CFL lighting segment and reinforce its presence in the rapidly growing Indian consumer market. 

Company Quote

0.45 +0.23%
21 Nov 2014