Crompton Greaves’ promoter is planning to sell stake in the company. Hitachi, the Japanese maker of industrial power equipment and electronic goods, has emerged as the front-runner to buy the promoter’s stake in the power transmission and distribution company promoted by Gautam Thapar.
Moreover, the promoters have appointed Goldman Sachs to scout for a buyer
Crompton Greaves is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers.
