C and S Electric to Sell Units to Private Co of Promoters ? Please Recheck all Information
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It appears C and S Electric has sold to Siemens bulk of its manufacturing facilities .
It appears that other businesses are , now , being sold to a Private Limited Co. Neeru Holding Private Ltd , owned by the Pomoters.
Special Resolutions are being got approved by Postal ballot.
- Entire shareholding in Cand S Electric International B.V. , wholly owned foreign subsidiary to Neeru Holdings Private Ltd . for Rs. 25 crore
- Sale of Lighting division , MV Switchgear Div , Diesel Genset Div to Neeru Holding Private Ltd for Rs. 148 cr.
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