Crompton Greaves tanks over 70% on de-merger
The shares of Crompton Greaves tanked by 71.67% on Tuesday as the company de-merged its consumer business. The shares of the company fell from ₹110.20 to ₹43.90. The company on March 9 had said it will sell its power business overseas to a US private equity fund for an enterprise value of €115 million.