Crompton Greaves subsidiary acquired in PT Pauwels

Thebullishtrends: Crompton Greaves share price closed today at Rs. 280.35(+Rs.3.85) Crompton Greaves Ltd has informed BSE that, on February 13, 2008, through Company's 100% subsidiary — CG International BV, Netherlands, the Company has acquired its Joint Venture Partner's 40% voting share capital in PT Pauwels Trafo Asia, Indonesia, for a sum of USD 10.70 million.With this acquisition of shares, Crompton Greaves Ltd, through its subsidiaries now owns 100% of the voting share capital of the above Indonesian Company.