Advent exits Crompton, sells 5.4% stake

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 transactions. The shares were lapped up by more than 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 3,36,67,802 shares, amounting to a 5.36% stake of Crompton. The shares were offloaded on an average price of ₹400.4 apiece. Prior to this, Amalfiaco had divested 3.8 crore shares of Crompton for over ₹1,492 crore in February 2021.

Crime Today News | Business


Source

CrimeTodayNews

Crime Today News is an online news website that conveys the data you have to know. We will likely transform information into data and data into understanding.

Related Posts