A combine of Alstom and Schneider Electric have bought the entire stake in Areva T&D from its majority holder, French nuclear major Areva, beating the combine of GE, Toshiba and INCJ, in a deal valued about Rs 16,000 crore.
Areva owned 72 per cent stake in the Rs 2,825-crore Areva T&D
Areva T&D has a healthy book of accounts with a net profit of Rs 244 crore in 2008 and with cash reserves of over Rs 6,000 crore. The company is also investing heavily in
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Company Name | CMP |
---|---|
Havells India | 1854.35 |
Siemens | 6854.05 |
Apar Inds | 8067.85 |
ABB India | 8031.00 |
CG Power & Indl.Soln | 663.00 |
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