GE Energy Europe has sold its entire stake in GE Power India to Alstom Finance. GE Energy Europe BV (GEEE BV), on May 2, 2017, sold its entire 13,789 shares in GE Power India to another promoter, Alstom Finance BV (presently known as Alstom India Tracking BV).
Post the transaction, GE Energy Europe has ceased to hold any shares in the company and will be no longer disclosed as a promoter in any disclosures made by GE Power India as applicable laws in India.
The promoters Alstom Finance and GE Energy Europe held 46,088,294 and 13,789 shares in the company, respectively, as on March 31, 2017.
GE Power India engages in the engineering, procurement, manufacturing, construction, and servicing of power plants and power equipment in India and internationally.