Advent exits Crompton Greaves' India appliances business
Advent International has offloaded its final 5.4% holding in Crompton Greaves’ India-listed household appliances business, ending a gradual exit after a failed takeover.
The private equity firm has sold about 33.7 million shares for INR13.5 billion ($184.5 million), according to market records. Shares in Crompton Greaves Consumer Electricals (CGCE) have zigzagged since...
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