CROMPTON GREAVES LTD. - Crompton Greaves Ltd reply to Clarification sought by the exchange

The Exchange had sought clarification from Crompton Greaves Ltd with respect to news appearing in DNA on April 20, 2015 titled "Advent - led group to buy Crompton Greaves unit for $350 million."<BR><BR>Crompton Greaves Ltd replied stating "We wish to inform you that the promoters have already disclosed their intention to sell a portion of their shareholding in the company which will house the demerged Consumer business of the Company. <BR><BR>The Company has however not been informed regarding the specific deal and its timing as reported by DNA."