The company made this announcement during trading hours today, 13 February 2008.
Meanwhile, BSE Sensex was up 203.59 points or 1.23% to 16,811.60.
On BSE, 67,267 shares were traded in the counter. The scrip had an average daily volume of 1.77 lakh shares in the past one quarter.
The stock hit a high of Rs 293.30 and a low of Rs 276.50 so far during the day. The stock had a 52-week high of Rs 454 on 20 November 2007 and a 52-week low of Rs 172.05 on 28 February 2007.
The mid-cap scrip had underperformed the market over the past one month till 12 February 2008, declining 24.46% compared to the Sensex`s decline of 19.88%. It had also underperformed the market in the past one quarter, declining 35.62% compared to Sensex`s decline of 16.66%.
The company`s current equity is Rs 73.31 crore. Face value per share is Rs 2.
The current price of Rs 280 discounts its Q3 December 2007 annualized EPS of Rs 7.41, by a PE multiple of 37.79.
Crompton Greaves made this acquisition through wholly owned subsidiary CG International BV, Netherlands. After this acquisition, Crompton Greaves, through its subsidiaries now owns entire equity share capital of PT Pauwels Trafo Asia.
Crompton Greaves` net profit rose 49.5% to Rs 67.90 crore on 12.6% growth in net sales to Rs 915.17 crore in Q3 December 2007 over Q3 December 2006.
The company is engaged in power systems, consumer products and industrial systems.
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