Apr
27

Crompton Greaves to sell consumer products unit to Advent, Temasek

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Advent International and Temasek agree to acquire a 34.37% stake in Crompton Greaves Ltd’s consumer products business, paying around Rs2,000 crore
Crompton Greaves to sell consumer products unit to Advent, TemasekAdvent International and Temasek agree to acquire a 34.37% stake in Crompton Greaves Ltd’s consumer products business, paying around Rs2,000 crore
Mumbai: Private equity firm Advent International Corp. and Temasek Holdings (Pvt.) Ltd, Singapore’s state-run investment company, have agreed to buy a 34.37% stake in Crompton Greaves Ltd’s consumer electricals business, paying around Rs.2,000 crore.
Advent International said on Friday that it had signed a share-purchase agreement with Avantha Holdings Ltd, the holding company of Crompton Greaves, for the acquisition of the stake in Crompton Greaves Consumer Electricals Ltd (CGCEL)…
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