M&A

M&A

Power transmission player GE T&D India in talks to sell engg unit at Rs.141-Cr valuation

BusinessLine  

GE T&D India, a company engaged in power transmission and distribution business, is discussing sale of its Global Engineering Operations Division (GEOD) after a revised valuation by an independent valuer saw a 61% jump in valuation. GE T&D India is in discussions with GE Grid Solutions and GE India Industrial (GEIIPL) regarding the proposed slump sale of GEOD business. Independent valuer, BDO Valuation Advisory LLP had valued the GEOD business at INR 140.56 crore compared with the earlier valuation of INR 87.3 crore. RBSA Capital Advisors LLP, a merchant banker, has also issued a fairness opinion affirming that the valuation is fair and reasonable to the shareholders.