Global private equity firm Advent International Corp’s Amalfiaco and Temasek Holdings’ MacRitchie Investments Pte Ltd. had sold 8.77 per cent stake in CG Consumer for Rs 1631 crore in an open market.
According to the bulk deal data available on NSE, Amalfiaco Ltd. has sold 36.07 million shares about 5.75 per cent stake of CG Consumer at Rs 296.57 per share aggregating a total of Rs 1070 crore and MacRitchie Investments sold 18.93 million shares at Rs 296.54 per share worth around Rs 561.24 crore.
Last year, Amalfiaco and MacRitchie Investments has sold 5.12 crore shares of the company through block deals. Now, Amalfiaco Ltd. held 17.18 per cent and MacRitchie Investments Pte Ltd. holds 9.01 per cent stake in Crompton Greaves Consumer Consumer Electrical Ltd. as per the latest shareholding pattern.
SBI Mutual Fund, Societe Generale and HDFC Standard Life Insurance Company Ltd. had bought 2.93 per cent stake in CG Consumer Consumer Electrical Ltd. for Rs 546 crore.
The consumer electrical company had reported a 27.77 per cent increase in its consolidated net profit of Rs 141.68 crore for the quarter ended on 30 September, 2020, against a net profit of Rs 110.88 crore for the same quarter a year-ago. Revenue from operations during the quarter grew 12.77 per cent to Rs 1,213.19 crore as compared to Rs 1,075.79 crore in the previous year period.