Crompton Greaves Slumps 8% On Q2 Loss, Power Business Sale Hurdle

Mumbai: Shares of Crompton Greaves tumbled over 8 per cent in early trade today after the company reported a consolidated net loss of Rs 10.41 crore for the quarter ended September 30, 2016 besides saying uncertainties prevailed over sale of its international power business.  The company said a deal with Pauwels Spaco Ltd - an SPV of first reserve (parties) for sale of its power business in Europe, North America and Indonesia stands...