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Indian power equipment maker Crompton Greaves Ltd gained as much as 1.7 per cent in early trade before slipping into the red in line with the overall market trend.
At 10.40 am, the stock was down Rs 0.20 or 0.12 per cent at Rs 173.20.
A consortium led by US private equity firm Advent International will buy the company's consumer products division, two sources told Reuters. There will also be an open offer, which will be positive to the stock, according to analysts.
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