CG Power and Industrial Solutions Limited has officially finalized the sale of PT Crompton Prima Switchgear Indonesia (CPSI). Following the execution of a share sale and purchase deed by its subsidiary, CG International Holdings Singapore Pte Ltd., CPSI is no longer part of the company’s corporate structure. This move marks the completion of a strategic exit from the Indonesian entity, as previously communicated by the firm in earlier 2026 disclosures.
Completion of Divestment Strategy
CG Power and Industrial Solutions Limited has successfully concluded the divestment of its step-down subsidiary, PT Crompton Prima Switchgear Indonesia (CPSI). The transaction was finalized following the execution of a definitive Share Sale and Purchase Deed by the company’s wholly owned subsidiary, CG International Holdings Singapore Pte Ltd. (CGS).
Impact on Corporate Structure
As a result of this agreement, CPSI ceases to be a subsidiary of CGS and, consequently, is no longer classified as a step-down subsidiary of the parent company. This divestment represents the final step in a process that was initiated earlier this year, with formal progress updates provided to shareholders on February 25, 2026, and March 5, 2026.
Strategic Context
The disposal of this interest is part of the company’s ongoing efforts to streamline its international operations and optimize its subsidiary portfolio. With this transaction now closed as of April 1, 2026, the company continues its focus on core business operations and capital allocation strategies.
Source: BSE
