Non-institutional investors of Butterfly Gandhimathi defeat merger proposal
Mumbai: Shareholders of Butterfly Gandhimathi Appliances have rejected the company’s merger proposal with Crompton Greaves Consumer Electricals. In the shareholders’ meeting held on October 28, about 96% of the non-institutional public shareholders voted against the resolutions, even though 63% of institutional investors favoured it. “While the approval to the scheme from the majority in number … Read more