Our Ref : COSEC/186/2015 24th November, 2014
BY EMAIL & COURIER
Bank of New York
Mumbai Representative Office
3 North Avenue,
Maker Maxity
Premises no. 35 & 36, (3rd Floor )
Bandra-Kurla Complex Bandra (East)
Mumbai - 400 051
Dear Sirs,
DISCLOSURE - AVANTHA POWER & INFRASTRUCTURE LIMITED
Avantha Power & Infrastructure Limited (APIL) in which CG holds an equity
investment of approx. 23.14% has informed that it has signed a Memorandum of
Understanding with Adani Power Ltd. for 100 per cent sale of APIL's Korba West
Power Company Ltd. (KWPCL). KWPCL, a SPV of APIL, is commissioning a coal based
thermal power plant of 600 MW. KWPCL is valued in excess of Rs. 4200 crores.
Please take the above information on record.
Yours faithfully
for Crompton Greaves Limited
MINAL BHOSALE
Company Secretary
Our Ref : COSEC/185/2015 24th November, 2014
BY EMAIL & COURIER
Bank of New York
Mumbai Representative Office
3 North Avenue,
Maker Maxity Premises no. 35 & 36, (3rd Floor )
Bandra-Kurla Complex Bandra (East)
Mumbai - 400 051
Dear Sirs,
CONSUMER BU DEMERGER
We have already intimated you of our proposal to demerge the Consumer Products
undertaking into Crompton Greaves Consumer Products Limited on 16th October,
2014, after the decision of our Company's Board of Directors. In continuation
of our notice, we are intimating you that one of the entities of the promoter
group of the Company (Avantha Holdings Limited) is likely to sell a portion of
its shareholding in the resultant company - Crompton Greaves Consumer Products
Limited, subject to agreement of terms and conditions and execution of a
definitive agreement.
The above is based on a communication to this effect received from Avantha
Holdings Limited. We are also posting this information on the Company's
website.
Please take the above information on record.
Yours faithfully
for Crompton Greaves Limited
MINAL BHOSALE
Company Secretary
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