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CCI approves acquisition of shares in CG Power by Tube Investments of India

14 Oct 2020 Evaluate

The Competition Commission of India (CCI) has approved acquisition of shares in CG Power and Industrial Solutions by Tube Investments of India. The proposed combination envisages acquisition of more than 50% of the equity share capital of CG Power and Industrial Solutions (CG Power) by Tube Investments of India (TIIL).

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.

Peers
Company Name CMP
Waaree Energies 2272.00
Apar Industries 15172.30
Havells India 1005.15
Suzlon Energy 36.95
Siemens 3339.15
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