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 ISTCrompton 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 ISTCrompton 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