Crompton Greaves (CG) shares jumped on Thursday after the board proposed to demerge its consumer products business unit into a separate listed company.

The board believes that such a demerger will create better growth opportunities for its two large but significantly different businesses - power, industrial and automation which is a B2B business, and the consumer products business which is B2C.

Shares of the company are trading at Rs 211.45, up Rs 25.60, or 13.77% at the Bombay Stock Exchange (BSE) on Thursday at 11:06 a.m.

The scrip has touched an intra-day high of Rs 215.60 and low of Rs 198.00. The total volume of shares traded at the BSE is 2,013,903.