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Outcome of Board Meeting

| Updated on February 19, 2015 Published on February 19, 2015

Crompton Greaves Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 19, 2015 based on comments received from the SEBI, the Stock Exchanges and investors’ feedback, has evaluated salient aspects of the Scheme of Arrangement with respect to demerger of the Consumer Products business of the Company.

The Board has now reconsidered and approved the contours of the proposed demerger and decided to implement a 100% demerger of the Consumer Products business, such that the shareholding pattern of the Resulting Consumer Company shall mirror the shareholding pattern of CG.

A scheme of arrangement incorporating the above principles will soon be considered by the Board of Directors.

Source : BSE - >www.bseindia.com

Published on February 19, 2015
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