Crompton Greaves has agreed to sell T&D business to US PE firm

Q.  Which US private equity fund has Crompton Greaves agreed to sell its transmission and distribution business?
- Published on 10 Mar 16

a. First Reserve Global Ltd
b. First Reserve International Ltd
c. First Reserve Global Group
d. First Reserve International Group

ANSWER: First Reserve International Ltd
 
CG has agreed to sell its transmission and distribution business outside India to First Reserve International Limited for INR 847 crore. Sales proceeds will be used for lessening company debt and the offer is subject to shareholder approval.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲