Crompton Greaves has sold its 50% holding in joint venture, CG Lucy Switchgear, to its partner W Lucy & Company for Rs 40.2 crore..Argus Partners acted for Crompton Greaves with a team led by Partner Adity Chaudhury along with Senior Associate Megha Saraf..AZB & Partners Mumbai Partner Nilanjana Singh advised W Lucy & Company..CG will divest its entire investment of 600,000 equity shares of Rs 10 each, which was made in 1994, in the share capital of CG Lucy Switchgear to W Lucy & Co, reports ET.
Crompton Greaves has sold its 50% holding in joint venture, CG Lucy Switchgear, to its partner W Lucy & Company for Rs 40.2 crore..Argus Partners acted for Crompton Greaves with a team led by Partner Adity Chaudhury along with Senior Associate Megha Saraf..AZB & Partners Mumbai Partner Nilanjana Singh advised W Lucy & Company..CG will divest its entire investment of 600,000 equity shares of Rs 10 each, which was made in 1994, in the share capital of CG Lucy Switchgear to W Lucy & Co, reports ET.
