Temasek and Advent International Seek to Sell Block Share in Crompton Greaves Consumer Electricals
Posted on 12/03/2019
Private equity firm Advent International and Singapore’s Temasek Holdings, through MacRitchie Investments Pte Ltd, are in talks to sell up to US$ 185 million worth of shares in Crompton Greaves Consumer Electricals Ltd. Together, the sellers own a 34.36% stake in Crompton Greaves Consumer Electricals and plan to lower that amount to around 26% ownership. Advent and Temasek have set a floor price of Rs 240 per share.
Citigroup is organizing the block share sale.