Sunday 8 December 2019
Home      All news      Contact us      India
business-standard - 5 days ago

Advent International, Temasek Holdings sell Crompton Greaves shares worth Rs 1,275 cr

Private equity firms Advent International Corp and Temasek Holdings on Tuesday together divested stake worth Rs 1,275 crore in Crompton Greaves Consumer Electricals. The shares were offloaded through Advent International Corp s Amalfiaco and Temasek s MacRitchie Investments Pte Ltd via multiple open market transactions. As per the block deal data on the BSE, the equity firms sold a total of 5,11,62,327 shares, representing 8.16 per cent stake in the company, at an average price of Rs 249.2 apiece, taking the total deal value to Rs 1,274.9 crore. Amalfiaco and MacRitchie, which together held 34.36 per cent stake in the company as per the shareholding data at the end of September 2019, sold around 24 per cent of their holding in the company. The shares were picked up at the same price by a host of fund houses and insurance companies, including SBI Mutual Fund, Fidelity India Fund, HDFC Standard Life Insurance Co Ltd and Morgan Stanley Asia Singapore Pte, among others, the data ...


Latest News
Hashtags:   

Advent

 | 

International

 | 

Temasek

 | 

Holdings

 | 

Crompton

 | 

Greaves

 | 

shares

 | 

worth

 | 
Most Popular (6 hours)

Most Popular (24 hours)

Most Popular (a week)

Sources