SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Alstom India to sell Energy businesses to General Electric

23 Dec 2014 Evaluate

Alstom India has received its shareholders’ approval to sell its Energy businesses to General Electric. The extraordinary shareholders meeting gathered shareholders holding 64.25% of the total number of shares and voting rights. The resolution relating to this transaction was approved by a majority of 99.187%.

The transaction remains subject to the authorizations required from a regulatory and merger control standpoint in a number of jurisdictions. Subject to that condition, the closing of the transaction is expected in the second quarter of 2015. It will be accompanied by the reinvestment by Alstom of part of the proceeds into joint ventures to be formed with General Electric and will be followed by a cash return to shareholders which could range between euro 3.5 billion and euro 4 billion and be implemented through a public share buy-back offer. Such offer would be submitted to a shareholders' decision after completion of the transaction.

Alstom is a global leader in power generation, power transmission and rail infrastructure. Present in India since 1911, Alstom has strong capabilities in engineering, manufacturing, project management and supply of products and solutions for infrastructure.

 

GE Power India Share Price

474.10 13.45 (2.92%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3953.90
Rail Vikas Nigam 272.00
NCC 151.85
KEC International 563.95
Kalpataru Projects 1171.40
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×