Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

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

14 Jun 2016Aakash Agarwal1 min read

Quick Facts

What is "HDFC Mutual Fund sells 36 lakh shares in Crompton Greaves Consumer Electricals" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 14 June 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: CROMPTON, HDFC Mutual Fund
What does the "Disclaimer" section say?: Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

CG logo

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.

HDFC MF Logo

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

divider

Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.