What a waste of public resources and precious time of agencies

A year ago, Crompton Greaves (now known as CG Power and Industrial) was struggling with a slowdown in the industrial and power segment and a related debt burden. The situation was exactly opposite in the case of its consumer electricals business which was churning out cash and earning good margins, making a decent return on equity.The company demerged the two businesses when its shares were trading at around Rs 80.

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