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Advent International exits Crompton; sells entire 5.36% stake for Rs 1,348 cr


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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Synopsis
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. ....

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Suryoday Small Finance Bank IPO opens today: Check price band, other details


Suryoday Small Finance Bank IPO opens today: Check price band, other details
Suryoday Small Finance Bank IPO: The lender has fixed a price a band of Rs 303-305 a share for the issue, which will close on March 19
BusinessToday.In | March 17, 2021 | Updated 12:11 IST
Suryoday Small Finance Bank IPO opens on March 17
The Rs 582-crore initial public offering (IPO) of Suryoday Small Finance Bank (SSFB) has started today, March 17. The offer comprises a fresh issue of 81.50 lakh equity shares and an offer for sale of 1.09 crore equity shares by existing selling shareholders. The lender has fixed a price a band of Rs 303-305 a share for the issue, which will close on March 19. Ahead of IPO, the company has raised around Rs 170 crore from anchor investors. ....

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