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ABB India gets NCLT’s nod for demerger of power grid business to APPSIL

28 Nov 2019 Evaluate

ABB India has received an approval from the Bengaluru Bench of the National Company Law Tribunal (NCLT) for the demerger of its power grids business to ABB Power Products and Systems India (APPSIL). The scheme will be effective upon filing the certified copy of order of NCLT with Registrar of Companies.

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.

Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18171.00
Havells India 1059.50
Suzlon Energy 38.35
Siemens 3804.45
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