MoneyWorks4Me

CG Power and Industrial Solutions gets nod to liquidate step down subsidiary

26 Mar 2021 Evaluate

CG Power and Industrial Solutions’ board has approved a proposal to liquidate its step down subsidiary CG Sales Network Malaysia Sdn Bhd, Malaysia. The Board of Directors of the Company, at its meeting held on March 25, 2021 have approved the proposal for voluntary liquidation of its step down subsidiary CG Sales Network Malaysia Sdn. Bhd, Malaysia, subject to statutory and regulatory approvals.

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 2396.50
Apar Industries 18189.00
Havells India 1059.00
Suzlon Energy 38.35
Siemens 3804.45
View more..