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ICICI Securities Report
The acquisition of Butterfly Gandhmathi Appliances Ltd. will be earnings accretive in FY24 based on achievement of certain synergy benefits. That the key insight we understood from conference call with Crompton Greaves Consumer Electricals Ltd.'s management. Other key highlights-
existing promoters will cease to play any role in active management of the company,
due to non-compete agreement, the existing promoters will not be allowed to use Butterfly brand,
merger of distribution network of both companies will provide some synergies for cross selling and
the company will have access to two strong brands and it also offers opportunities for cross selling.
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