What a dream run it has been for the Indian equity market in 2017 - and who would have thought. If we rewind back and talk about all the gloom and doom that were surrounding us back in December of 2016; demonetisation and impending huge indirect tax reform. Well, the Indian market has come a long way and come on top.
While all businesses of the company are growing at a healthy pace, the company hopes to grow its market share significantly in the fans segment, says Shantanu Khosla, MD of Crompton Greaves Consumer Electricals.
In an interview to CNBC-TV18, Madhav Acharya, CFO of the company says that the record date for demerge is March 16 and the shareholders will get one share of consumer business for every share in Crompton Greaves.
In an interview to CNBC-TV18, B Hariharan, Group CFO of Avantha, discusses on the deal and the company‘s plans ahead.
Kunal Sheth, analyst, Prabhudas Lilladher says the initial deal value seems to be on the lower side. However, he adds that the company can be re-rated once the consumer business gets demerged.
Bajaj Electricals CMD Shekhar Bajaj says with winter not setting in yet, sales of winter-dependent products are yet to pick up. Also, with online retailers offering such steep discounts, there is confusion in the minds of consumers.
JG Kulkarni president of IEEMA says debt recast will improve financial viability of SEBs. "It will give a boost to electrical industry where the capacity utilisation today is, on an average, 67 percent," he adds.
Commenting on Crompton’s fears of being on the eye of a storm of falling consumer demand, Anil Gupta, joint managing director of Havells India, trading in the same sector, says the phenomenon will for only last one quarter.
In an interview with CNBC-TV18, SM Trehan and Laurent Demortier, managing director of the company spoke about current issues and future plans.
Heavy electrical equipment manufacturer Crompton Greaves (CG) acquired two companies in the last one month. It bought US based, QEI Inc for an enterprise value of USD 30 million.
K Ravi Kumar, director of Abhijeet Power Ltd, managing director of JIPL and former chairman BHEL, in an interview with CNBC-TV18's Mitali Mukherjee and Sonia Shenoy, spoke about his reading of the power sector.
In an interview with CNBC-TV18, SM Trehan, MD, Crompton Greaves said that Power Grid's decision to award tenders separately for substations, increases it's the probability because now there are options to participate in the EPC and in the circuit breakers separately.