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BUZZ-India's Crompton Greaves jumps; sells overseas T&D business for $126 mln
March 9, 2016 / 4:27 AM / a year ago

BUZZ-India's Crompton Greaves jumps; sells overseas T&D business for $126 mln

** Power equipment maker Crompton Greaves jumps as much as 8.9 pct to 151.85 rupees, highest since Feb. 3

** Sells overseas transmission & distribution (T&D) business to U.S.-based private equity fund First Reserve International for 115 mln euros ($126.12 mln)

** Sale will enable company to reduce debt and focus on faster growing Indian businesses ($1 = 0.9118 euros) (RM: aastha.agnihotri.thomsonreuters.com@reuters.net)

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