Crompton Greaves Ltd (CROM.NS) Key Developments |
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Crompton Greaves Ltd (CROM.NS)

CROM.NS on National Stock Exchange of India

24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Avantha Holdings Ltd announces sale of shares of Crompton Greaves Electricals Ltd
Thursday, 23 Apr 2015 11:03pm EDT 

Avantha Holdings Ltd:Says sale of shares of Crompton Greaves consumer Electricals Ltd (CGCEL).Says CGCEL shall allot its fully paid equity shares to the shareholders of CG in the existing proportion.Says will receive 34.37 pct of the paid up capital of CGCEL pursuant to the Scheme.  Full Article

Crompton Greaves receives order worth 1.15 billion Indian rupees
Monday, 30 Mar 2015 01:58am EDT 

Crompton Greaves Ltd:Received 1.15 billion Indian rupees worth order from Power Grid Corporation of India.To supply 80 mvar 765 kv shunt reactors.To be executed in 20 months.Includes design, engineering, manufacture, shop testing, supply, erection testing and commissioning at site.  Full Article

Crompton Greaves Ltd to provide ANDE with Smart Grid infrastructure
Tuesday, 24 Mar 2015 02:31am EDT 

Crompton Greaves Ltd:Receives contract by Administration Nacional de Energia (ANDE), Paraguay to supply 10 complete ZIV Substation Automation Systems.Says scope of contract also includes engineering services, training and systems integration.Project, financed by World Bank, is scheduled to be completed in six months.  Full Article

Crompton Greaves Ltd likely to sell consumer arm-Business Standard
Wednesday, 18 Mar 2015 01:46am EDT 

Crompton Greaves Ltd:Is close to selling 35 pct stake in its consumer durables business to private equity firm Advent for $300 million-Business Standard.The transaction with Advent has valued the consumer business at 80 Indian Rupees a share though an official announcement from Crompton is still pending.The company will use the proceeds of the sale to retire its debt owned by private equity majors, KKR and Apollo at the holding company level.  Full Article

Crompton Greaves Ltd approves scheme for vertical demerger of consumer products business into a separate listed company
Tuesday, 3 Mar 2015 03:31am EST 

Crompton Greaves Ltd:Approved new scheme of arrangement for vertical demerger of Consumer Products Business unit of CG into its wholly owned subsidiary, Crompton Greaves Consumer Electricals Limited with effect from Oct. 1.Says to implement 100 pct demerger of Consumer Products business, such that shareholding pattern of resulting consumer company shall mirror shareholding pattern of CG.Says Consumer Products Business undertaking shall be de-merged into CG's wholly owned subsidiary, Crompton Greaves Consumer Electricals Limited.Under the scheme, CG will transfer its Consumer Products Business undertaking including related businesses, undertakings, properties, investments, intangibles, contracts and liabilities into Crompton Greaves Consumer Electricals Limited.Says Crompton Greaves Consumer Electricals Limited will issue and allot to shareholders of CG as on the record date one fully paid up equity share of 2 Indian rupees each for every one equity share held in CG.Upon demerger, shareholding of CG in Crompton Greaves Consumer Electricals Limited will get cancelled and shareholding pattern of Crompton Greaves Consumer Electricals Limited will mirror shareholding pattern of CG.Says Crompton Greaves Consumer Electricals Limited will apply for listing its shares on the BSE and NSE.  Full Article

Crompton Greaves Ltd receives 20 mln order from PT PLN Indonesia
Monday, 23 Feb 2015 02:48am EST 

Crompton Greaves Ltd:Receives order from PT PLN for setting up total of 36 transformer bays around Indonesia, valued at around $20 mln.Says these 36 extension bays will comprise 2 lots, the Java and Bali island extension bays representing Lot 1 and Sumatra, Kalimantan and Sulawesi islands representing Lot 2.  Full Article

Crompton Greaves Ltd declared second interim dividend
Tuesday, 10 Feb 2015 03:49am EST 

Crompton Greaves Ltd:Declared second interim dividend of ₹ 0.40 per share on 626,746,142 Equity Shares of ₹ 2 each for the financial year 2014-15.Record date for the interim dividend will be on Feb. 9 and the date for payment will be on Feb. 18.  Full Article

Crompton Greaves Ltd declares interim dividend
Tuesday, 3 Feb 2015 06:24am EST 

Crompton Greaves Ltd:Declares an interim dividend of 20 pct i.e. 0.40 indian rupee per share.  Full Article

Crompton Greaves Ltd fixes record date for interim dividend
Wednesday, 28 Jan 2015 06:59am EST 

Crompton Greaves Ltd:Fixed Feb. 09 as the record date for the purpose of payment of interim dividend.The date of payment will be Feb. 18.  Full Article

Crompton Greaves Ltd gets contract to reinforce Indonesia's grid
Tuesday, 20 Jan 2015 05:58am EST 

Crompton Greaves Ltd:Has sealed a contract a deal with PT PLN (Perusahaan Listrik Negara) Indonesia, for the manufacture and supply of 37 units of 60MVA, 30MVA and 150/20kv power transformers and is valued at $26 mln.  Full Article


Crompton Greaves sells overseas power business for $126 million

NEW DELHI Crompton Greaves Ltd said it would sell its overseas power business to a U.S. private equity fund for an enterprise value of 115 million euros ($126.1 million), to pay down debts and invest in faster growing Indian businesses.