20 Power an indus Shion Limited {former known as Crompen Gress Lea). G "a rv sap aaa a0 wen on ‘meaty acer inset min, (Ou Ret: COSECIt822017 Maren 7, 2017 BY WEB-PORTAL z shi ‘The Assistant Manager. List BSE Limited ‘atonal Stock Exchange of india Lid 1 Floor, New Trading Ring Exchange Plaza Rotunda Bulging ‘Banda Kura Complex, Phiroze Jeojoebhoy Towers Bandra (East, Dalal Steet, Mumbai 400 001 ‘Mum 400 051 ‘Scrip Code : 500083 ‘Scrip Code : CROMPGREAV Dear Sits, ‘Sub;_Disclosure for Signing of Share Purchase Aareement with Alfanar fr sale ‘and_acauisition_of_the Company's B28 Automation business_under dation 30 of ting Obligations and Disclosury Requirements) Beaulations, 2015 ay, 2046 1 ‘This i futher to our aforesaid communications intra inimating the recelpt and acceptance ‘ofa binding ofer for aquisition of the Company's B2B Automation Business, comprising of ZIV Aplicaciones y Tecnologia, SiL(Spain), ts subsidanes alongwith the related automation businesses in UK, Ireland, France and India at an enterprise value of Euro 120 Milion, subject to customary conditions (Sale) fom Afanar Electric Systems Co, Saudi Arabia, \We wish fo inform you that the Company along with is subsiiay. CG Intemational BV, has completed the Sale wef March 6, 2017 (European time), upon the execution of Share Purchase Agreements and other related transactional documents wth Afanar Electic LLC and ZIV Aplicaciones y Teenologia, SL. Upon completion othe Sale, ZV Automation incla inte, the wholly oumed subsisiny housing the India Automation Business will cease to be @ subsidiary of the Company and wil be & wholy owned subsidiary of ZIV Aplcacionos y Tecndlogia, S.L, Spain ‘The proceeds ofthe sale willbe used to retire substantial portion of the Company's iterational ebts. The Sale is aligned wth the Company’ overall strategy to focus is synergies to core Ww O AVANTHA 1m‘ee ae ‘xp oy oe mae onrent CG Power and Industrial Solutions Limited rn (foment known 6s Crmon Greaves Lint) 9 ‘operations in India which provides a sgnfcant growth opportunity, with an objective of debt reaction and improving the Company's Balance Sheet and enhancing Shareholder’ value \We request you to kinaly take the above information on fecord and acknowledge receipt ofthis eter. ‘Thanking You Yours fathtly, For CG Power and Industrial Solutions Limited, (ormerty Crompton Greaves Liitec) oO AVANTHA