Avantha Completes Stake Sale Of Crompton Greaves Consumer Electricals

New Delhi: Crompton Greaves Consumer Electricals'(CGCEL) erstwhile promoter Avantha Group on Monday said it has transferred all the shares in the company to complete its stake sale to private equity firms Advent International and Temasek. In April last year, Avantha Group announced to sell its entire holding of 34.37 per cent in demerged consumer products business of Crompton Greaves to the two private equity investors for Rs 2,000 ...