In order to increased focus on its India businesses, Crompton Greaves is reportedly all set to sell its global automation business, ZIV, at a valuation of $112 million (Rs 754 crore) by September 2016. The company has appointed bankers to sell the business. The sale of its automation business comes in the backdrop of the company selling its transmission and distribution business abroad to US-based private equity firm First Reserve International at an enterprise value of around Rs 866 crore on a debt-free, cash-free basis.
Crompton Greaves is an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution based in Mumbai.
| Company Name | CMP |
|---|---|
| Havells India | 1328.20 |
| Siemens | 3718.90 |
| Apar Inds | 11713.20 |
| ABB India | 7254.80 |
| Waaree Energies | 3474.00 |
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