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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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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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Benefitfocus Adds The Standard's Suite of Voluntary Benefits to Benefit Catalog


Benefitfocus Adds The Standard s Suite of Voluntary Benefits to Benefit Catalog
Expansion of catalog offerings aligns with growing need for employee well-being
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CHARLESTON, S.C., May 12, 2021 /PRNewswire/  Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers,
 has added a full suite of benefits offerings from Standard Insurance Company (The Standard), a leading provider of financial protection products and services for employers and individuals, to the growing range of products and services on its
The Standard s portfolio of voluntary group benefits such as accident, critical illness, hospital indemnity, disability and life insurance help employees thrive by offering additional financial protection in the event of the unexpected. Their portfolio also includes dental and vision benefit p ....

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Axis Bank board approves re-appointment of Amitabh Chaudhry as MD & CEO


Axis Bank board approves re-appointment of Amitabh Chaudhry as MD & CEO
The appointment will be subject to the approval of the Reserve Bank of India and shareholders of the bank, Axis Bank said in a regulatory filing.
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By PTI
NEW DELHI: Private sector lender Axis Bank on Thursday said its board has approved the re-appointment of Amitabh Chaudhry as its Managing Director and CEO for three years with effect from January 1, 2022.
The board of directors of the bank.considered and approved the proposal relating to re-appointment of Amitabh Chaudhry as the Managing Director and CEO of the bank, for a further period of 3 years, with effect from January 1, 2022 up to December 31, 2024, Axis Bank said in a regulatory filing. ....

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