Reserve Bank of India (RBI) has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100% of the paid up capital of Crompton Greaves Consumer Electricals (CGCEL) under the Portfolio Investment Scheme (PIS). The company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs.
CGCEL manufactures and markets a wide spectrum of consumer products ranging from fans, light sources and luminaries, pumps and household appliances, such as geysers, mixer grinders, toasters and irons. Crompton has been the market leader in fans, domestic pumps and street lighting for over 20 years. It has manufacturing locations in Goa, Vadodara, Ahmednagar and Baddi.
Company Name | CMP |
---|---|
Crompt.Greaves Cons. | 371.20 |
Whirlpool Of India | 1803.30 |
Bajaj Electricals | 782.70 |
IFB Industries | 1573.90 |
Orient Electric | 226.35 |
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