Deals1 April 2026 at 03:07 pm
CG Power Subsidiary Signs Share Sale and Purchase Deed, PT Crompton Prima Switchgear Indonesia Ceases to be a Subsidiary
AI Summary
CG Power and Industrial Solutions Ltd. has disclosed under Regulation 30 of SEBI LODR Regulations, 2015, that CG International Holdings Singapore Pte Ltd., a wholly owned subsidiary, has signed the Share Sale and Purchase Deed. As a result, PT Crompton Prima Switchgear Indonesia, a step-down subsidiary of the Company, ceases to be a subsidiary of CGS.
Key Highlights
- CG Power's subsidiary, CG International Holdings Singapore Pte Ltd., has signed a Share Sale and Purchase Deed.
- PT Crompton Prima Switchgear Indonesia (CPSI) is no longer a subsidiary of CGS and a step-down subsidiary of CG Power.