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Stocks

HDFC Mutual Fund sells 36 lakh shares in Crompton Greaves Consumer Electricals

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Crompton Greaves Consumer Electricals the de-merged entity of Crompton Greaves. CG sold its power business overseas to a US private equity fund for an enterprise value of 115 million euros. It included its European, North American and Indonesian power transmission businesses to First Reserve International.

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HDFC Mutual Fund which held 7.77% of the share capital, reduced its stake with sale of 36 lakh shares worth 50 Cr. This brings its holding down to 3,621,000 shares representing 7.2% of the share capital.

Holdings Of HDFC Mutual Fund In Crompton Greaves Consumer Electricals

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