Crompton Greaves Consumer Electricals' promoter entity offloads shares worth Rs751 crore

8 Aug 2022 , 11:07 AM

On Friday, Crompton Greaves Consumer Electricals’ promoter entity, Macritchie Investments, offloaded the company’s shares worth Rs751 crore in an open market transaction.

As per the bulk deal data available with the National Stock Exchange, Macritchie Investments Pte Ltd. sold 2,02,50,000 shares, equalling a 3.2% stake in the company. The promoter entity disposed off the shares at an average price of Rs370.74 per piece, aggregating to Rs750.74 crore.

Mumbai-based home appliances company, Copthall Mauritius Investment Ltd., and Ghisallo Master Fund LP were among the ones who picked up the shares of the company in this bulk deal.

Following this deal, Crompton Greaves’ counter opened at Rs374.90 in today’s trade. Currently, it was trading at Rs377.15, up by 0.88% against its previous close of Rs373.85 on NSE.