Overseas Asset Sale Positive for Crompton Greaves: Avinnash Gorakssakar
Avinnash Gorakssakar of Precision Investment Services, says the international business of Crompton Greaves has been incurring losses and has debt of around Rs 1,600 crore. The proceeds from the sale of international business can reduce the annual interest liability of Crompton by up to Rs 40 crore, he added.
