Key Developments: Crompton Greaves Ltd (CROM.NS)

CROM.NS on National Stock Exchange of India

188.50INR
10:16am EDT
Price Change (% chg)

Rs1.05 (+0.56%)
Prev Close
Rs187.45
Open
Rs189.05
Day's High
Rs189.40
Day's Low
Rs187.15
Volume
638,718
Avg. Vol
4,639,442
52-wk High
Rs231.00
52-wk Low
Rs94.00

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Latest Key Developments (Source: Significant Developments)

Crompton Greaves Ltd Declares Interim Dividend
Friday, 8 Nov 2013 06:36am EST 

Crompton Greaves Ltd announced that the Board of Directors of the Company at its meeting held on November 08, 2013, inter alia, have declared an interim dividend of 20% that is INR0.40 per share.  Full Article

Crompton Greaves Ltd Announces Revised Date Of Commencement For Buy-back
Monday, 15 Jul 2013 07:35am EDT 

Crompton Greaves Ltd announced that the revised date of commencement for the proposed Buy-back of equity shares of Crompton Greaves Ltd (the Company) from the Open Market through Stock Exchanges (Buy-back) is July 16, 2013.  Full Article

Crompton Greaves Ltd Announces Buy Back Of Equity Shares
Thursday, 4 Jul 2013 04:15am EDT 

Crompton Greaves Ltd announced that the buy-back of its fully paid-up equity shares of face value of Rupees Two only each Equity Shares from the existing shareholders/beneficial owners, other than the promoters/persons who are in control of the Company, from the open market (Buy-back) pursuant to Article 8A of the Articles of Association of the Company and in accordance with Sections 77A, 77AA and 77B of the Companies Act, 1956 (Companies Act) and the Buy-back Regulations, at a price not exceeding INR125 per Equity Share (Maximum Buy-back Price) payable in cash, for an aggregate amount not exceeding INR2,657 million. The Maximum Buy-back Price per Equity Share does not include brokerage costs, Securities and Exchange Board of India (SEBI) turnover charges, taxes such as securities transaction tax, service tax and relevant stamp duty. However, the Maximum Buy-back Size of the Buy-back is inclusive of Transaction Costs. The Maximum Buy-back Price of INR125 is at a premium of 43.2%and 43.0% over the closing prices on the BSE Ltd and the National Stock Exchange of India Ltd (NSE) (BSE and NSE collectively referred to as Stock Exchanges) (INR87.40), respectively, as on the date of the Board Meeting approving the Buy-back i.e. June 28, 2013 (Buy-back Meeting).  Full Article

Crompton Greaves Ltd's Board Approves Buy-Back Of Equity Shares
Friday, 28 Jun 2013 03:50am EDT 

Crompton Greaves Ltd announced that the board of directors at its Meeting held on June 28, 2013, have approved the buy-back of fully paid Equity Shares of INR2 each of the Company, from the open market through the Stock Exchanges, at a price not exceeding INR125 per share, upto an amount of INR2.657 billion, being 10% of the total Paid-Up Equity Capital plus Free Reserves as per the audited Balance Sheet of the Company for the year ended March 31, 2012.  Full Article

Crompton Greaves Ltd Recommends Final Dividend
Friday, 24 May 2013 08:11am EDT 

Crompton Greaves Ltd announced that the Board of Directors of the Company at its meeting held on May 24, 2013, inter alia, have recommended a Final Dividend of 20% for the financial year 2012-13 that is INR0.40 per share. The date of payment of this dividend will be August 06, 2013.  Full Article

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.  Full Article

Crompton Greaves Ltd To Set Up Greenfield Plant Near Bangalore-Business Standard
Wednesday, 28 Nov 2012 03:02am EST 

Business Standard reported that Crompton Greaves Ltd is setting up a greenfield plant in Jigani Industrial Area, Bangalore, which will be operational by this year-end. The plant will make intelligent electronic devices (IEDs) which are critical in the control and monitoring of power systems. The plant will also assemble control and relay panels using these IEDs, complying with the latest Substation Automation standard - IEC 61850. This plant will be the Indian base for manufacturing the entire range of protection, control and communication products from CG's Automation Business Unit.  Full Article

Crompton Greaves Ltd Declares Interim Dividend
Friday, 2 Nov 2012 09:06am EDT 

Crompton Greaves Ltd announced that the Board of Directors of the Company at its meeting held on November 02, 2012, inter alia, have declared an interim dividend of 20% that is INR0.40 per share.  Full Article

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