KKR India has picked up 10 per cent stake in CG Power and Industrial Solutions (CG) for over Rs 89 crore through open market transactions. KKR India Financial Services bought a total number of over 6.26 crore shares or 10.01 per cent stake in the company.
Avantha Group Company CG Power and Industrial Solutions (formerly Crompton Greaves) is a global pioneering leader in the management and application of electrical energy. CG provides end-to-end solutions that meet all electrical needs of its customers. CG’s offerings include electrical products, systems and services for utilities, power generation and industries.