May 29, 2017 / 5:14 AM / 3 months ago

BUZZ-India's CG Power slumps on wider March-quarter loss

** Power equipment maker CG Power and Industrial Solutions Ltd falls as much as 14.2 pct to 80.10 rupees, in its biggest intraday pct loss in nearly seven months

** March-qtr net loss widened to 4.44 bln rupees ($68.76 mln) from 929 mln rupees a year earlier

** Co said on Friday it would divest CG Power Systems USA Inc, its power business in the Unites States, after receiving offer for unit bit.ly/2rvUI5D

** Up to Friday's close, stock had risen about 55 pct in past 12 months ($1 = 64.5725 Indian rupees)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below