Crompton Greaves' shares tank 8% on bourses
The deal values CGCEL at an enterprise value of Rs 6,600 crore.
Apr 24, 2015, 13:05 PM IST
Crompton Greaves to sell consumer electronics unit for Rs 2,000 crore
Crompton Greaves, a part of the Avantha Group, on Friday said it will sell its consumer electrical business to a consortium led by Advent and Temasek Holdings for Rs 2,000 crore.
Apr 24, 2015, 11:20 AM IST
Crompton Greaves plans to sell consumer electrical unit to Advent and Temasek
Crompton Greaves Ltd proposes to divest its entire stake in consumer electricals unit for 20 billion rupees to a special purpose vehicle managed by Advent International Corp and a unit of Singapore`s Temasek Holdings, the company said in a statement on Friday.
Apr 24, 2015, 09:28 AM IST
