India: Crompton Greaves to sell Canadian power systems biz to PTI Holdings for $15.15m

India: Crompton Greaves to sell Canadian power systems biz to PTI Holdings for $15.15m

Crompton Greaves has been looking to sell a few of its assets to repay debt. Its consolidated debt stood at Rs2,743.83 crore as on 31 March. Photo: Prajakta Patil/Mint

Avantha Group company Crompton Greaves Ltd, which has been looking to sell its various assets, has agreed to sell its power systems business in Canada to PTI Holdings Corp. for about C$20 million (Canadian dollars) or $15.15 million

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