Crompton GreavesBSE -0.08 % has sold its 50% holding in joint venture, CG Lucy Switchgear, to its partner W Lucy & Company for Rs 40.2 crore, the Avantha Group company said Thursday. CG will divest its entire investment of 600,000 equity shares of Rs 10 each, which was made in 1994, in the share capital of CG Lucy Switchgear to W Lucy & Co according to the deal signed between the two JV partners. Commenting on the deal, Avantha Group Company Compton Greaves Chief Execu ..
Source: Economic TimesCrompton Greaves to sell stake in CG Lucy Switchgear to its JV partner for Rs 40.2 crore
Industry: Other 2015-12-01
