Mumbai: Shares of Crompton Greaves tumbled over 8 per cent in early trade today after the company reported a consolidated net loss of Rs 10.41 crore for the quarter ended September 30, 2016 besides saying uncertainties prevailed over sale of its international power business.
The company said a deal with Pauwels Spaco Ltd - an SPV of first reserve (parties) for sale of its power business in Europe, North America and Indonesia stands terminated.
After a weak opening, the stock further slumped 8.80 per cent to Rs 60.05 on BSE.
At NSE, shares of the company fell 8.30 per cent to Rs 60.20.
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