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CROMPTON GREAVES LTD. - Updates
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04 Mar 2015
With reference to the earlier letter dated November 24, 2014 wherein the Company had informed that Avantha Power and Infrastructure Limited (APIL), in which CG holds an equity investment of 23.14%, had signed a memorandum of understanding with Adani Power Limited for 100 per cent sale of APIL&apos;s Korba West Power Company Limited (KWPCL). KWPCL, a SPV of APIL, has a commissioned coal based thermal power plant of 600 MW and is valued in excess of Rs. 4200 crores, Crompton Greaves Ltd has now informed BSE that APIL on March 04, 2015 has notified the signing of a binding Share Purchase Agreement with Adani Power Limited for the abovementioned stake sale.
View all announcements for CROMPTON GREAVES LTD. Source: BSE India