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CG Power & Industrial Solutions Ltd ( (IN:CGPOWER) ) has shared an announcement.
CG Power and Industrial Solutions Ltd has announced that its wholly owned subsidiary, CG International Holdings Singapore Pte Ltd, has executed a share sale and purchase deed for PT Crompton Prima Switchgear Indonesia. As a result, PT Crompton Prima Switchgear Indonesia has ceased to be a subsidiary of the Singapore unit and a step-down subsidiary of CG Power, indicating a further streamlining of the group’s international corporate structure and portfolio of overseas operations.
More about CG Power & Industrial Solutions Ltd
CG Power and Industrial Solutions Ltd is an Indian electrical equipment and industrial solutions company serving power and industrial sectors. Through its subsidiaries, it operates globally in areas such as switchgear and related power infrastructure equipment, supporting utilities and industrial customers across multiple markets.
Average Trading Volume: 308,739
Technical Sentiment Signal: Buy
Current Market Cap: 1032.5B INR
Find detailed analytics on CGPOWER stock on TipRanks’ Stock Analysis page.