PE firms Advent International Corp’s Amalfiaco and Temasek’s MacRitchie Investments Pte Ltd sold 8.77% in CG Consumer for ₹1631 crore in an open market transaction on Tuesday.
— Mint
Advent and Temasek collectively sold 8.75% shares of Crompton Greaves for an aggregate consideration of approximately Rs. 1631.08 crores. This is the second liquidity event for both investments firms from Crompton Greaves Consumer which makes products ranging from fans, light sources and luminaires, pumps and household appliances such as geysers, air coolers, mixer grinders, toasters, irons and electric lanterns.
J Sagar Associates (JSA) advised
We understand from sources that S&R Associates acted as the Indian lawyers for
2020-11-24
Deal value: Rs. 1631.08 crores
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