Advent International exits Crompton; sells entire 5.36% stake for Rs 1,348 cr
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Last Updated: Jun 09, 2021, 11:31 PM IST
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The shares were offloaded on an average price of Rs 400.4 apiece, valuing the transaction at Rs 1,348.06 crore, data showed.
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The shares were lapped up by over a dozen entities, including foreign investors, domestic mutual funds and insurance companies.
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Crompton Greaves Consumer Electricals for a little over Rs 1,348 crore through multiple open market transactions.
The shares were lapped up by over a dozen entities, including foreign investors, domestic mutual funds and insurance companies.
According to block deal data available with the BSE, Advent International Corp s Amalfiaco Ltd sold a total of 3,36,67,802 shares, amounting to a 5.36 per cent stake of Crompton.
Crompton appoints Pragya Bijalwan as its new Chief Marketing Officer adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
linkedin Consumer electrical company Crompton Greaves Consumer Electricals has announced the appointment of Pragya Bijalwan as chief marketing officer. Bijalwan moves from Castrol India where she was leading product innovations, brand campaigns and technology based innovative solutions. She said, “I am absolutely thrilled to be a part of this brand that despite having a very strong consumer franchise, accords top priority to adapting and evolving as per their changing needs. As we move into a new post – pandemic era, which is a challenging yet exciting time for the brand, our goal is to further strengthen our leading positions in key categories while accelerating growth in new categories through meaningful innovation. This will be supported by our integrated communication approach.”
Private equity firm Advent International Corp. on Wednesday divested its entire 5.36% stake in Crompton Greaves Consumer Electricals for a little over ₹1,348 crore through several open market transact
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