Avantha Holdings sells $139 million stake in Crompton Greaves
India, New Delhi: Avantha Holdings Ltd has started a share sale in Crompton Greaves Ltd to raise nearly $139 million or 8.3% of equity.
India, New Delhi: Avantha Holdings Ltd has started a share sale in Crompton Greaves Ltd to raise nearly $139 million or 8.3% of equity.
Avantha Holdings owned 40.84% in Crompton Greaves and is now looking to sell $42 million shares with an option to sell up to $52 million through block deals on the stock exchange, reports Reuters.
Crompton Greaves stated on Monday that Avantha Holdings would sell a portion of its shareholding in the company.
Source: Reuters
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