ABB India board approves hiving off power grids business

NEW DELHI: ABB India Wednesday said its board has given ‘in principle’ approval to segregate the power grids business from its other businesses.

“The Board of Directors of the Company discussed segregation of the Company’s power grids business from the other businesses conducted by the Company at its meeting held today. Following such discussions, the Board granted in-principle approval for the segregation…,” it said in a BSE filing.