Crompton Greaves is currently trading at Rs. 172.30, up by 0.40 points or 0.23% from its previous closing of Rs. 171.90 on the BSE.
The scrip opened at Rs. 172.85 and has touched a high and low of Rs. 174.40 and Rs. 171.40 respectively. So far 122450 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 231.00 on 10-Sep-2014 and a 52 week low of Rs. 148.75 on 20-Mar-2014.
Last one week high and low of the scrip stood at Rs. 180.70 and Rs. 168.00 respectively. The current market cap of the company is Rs. 10805.10 crore.
The promoters holding in the company stood at 34.38% while Institutions and Non-Institutions held 45.79% and 19.68% respectively.
Crompton Greaves is reportedly planning to sell 35% stake in its consumer durables business to private equity firm Advent for $300 million. The transaction with Advent has valued the consumer business at Rs 80 a share.
The Crompton Greaves board had demerged the consumer business last year for a possible sale. But based on comments received from Sebi, the stock exchanges and from small investors, the Crompton board reconsidered the merger proposal and decided to implement a 100% demerger of the consumer products business, in a manner that the shareholding pattern of the resulting consumer company shall mirror the shareholding pattern of CG. Earlier, Crompton was planning to retain 26% stake in the consumer durable business.
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.
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