Crompton Greaves rejects rumor on stake sale to Hitachi

Posted By: Religare
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Crompton Greaves Ltd on Wednesday said that it is not engaged in any negotiations regarding the stake sale in the company by its promoters.

The news regarding, the stake sale by the company promoters, has been published in the leading financial daily - The Economic Times, the company said in a statement.

In a filing to the Bombay Stock Exchange, the company said, "It is not engaged in or informed of any negotiations regarding the rumoured stake sale by the promoters of the company."

Meanwhile, shares of the company ended the day at Rs 177.20, down 0.59 per cent from previous close on BSE.

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