Mumbai, Maharashtra, India:Avantha Group Company CG had announced a buy-back of its equity shares through a Public Announcement published on July 4, 2013.
In this regard, SEBI vide its letter dated 12th July 2013 has advised CG to fulfill certain additional requirements emanating from SEBI’s press release dated 25th June, 2013 on its new Buy-back Regulations, as contained in SEBI’s abovementioned letter.
CG is in an advanced stage of fulfilling the requirements contained in the SEBI letter and will commence the buy-back immediately thereafter.
A corrigendum to the earlier Public Announcement will be published shortly.
About Avantha Group Company CG
Avantha Group Company CG is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups: Power, Industrial, Automation and Consumer. CG clocks US$ 2.3 billion in revenues from product lines that cover the entire value chain of engineering offerings.