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ABB India gets nod for scheme of arrangement

05 Mar 2019 Evaluate

ABB India has received approval for scheme of arrangement amongst the Company, ABB Power Products and Systems India (a newly incorporated wholly owned subsidiary of the Company) and their respective Shareholders and Creditors, providing for the demerger of the Company's power grids business to ABB Power Products and Systems India. The board of director of the company has approved the same in the meeting held on March 5, 2019.

ABB India is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally.

ABB India Share Price

7155.70 125.75 (1.79%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1300.30
Siemens 3709.60
Apar Inds 11977.10
ABB India 7155.70
Waaree Energies 3487.20
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