Try the CurrentCellChanged event.
GridCurrentCell cc = this.grid.CurrentCell;
if(cc.Renderer is GridComboBoxCellRenderer)
{
string currentValue = cc.Renderer.ControlText;
}
You can also use cc.RowIndex and cc.ColIndex to test where you are in the grid if you need that.
If you are allowing typing, then you would need to handle something like CurrentCellvalidatng instead as CurrentCellChanged will be hit for every key.