Crompton Greaves Consumer Electricals Limited
Axis Mutual Fund increased its stake in Crompton Greaves Consumer Electricals Limited from 1.38% to 1.89%, acquiring 3,308,475 shares. The approximate value of these shares is ₹81.38 crore, calculated at a share price of ₹246.00.
A leading consumer electricals company in India with over 75 years of brand heritage, Crompton Greaves operates through two main segments: lighting and electrical consumer durables. The company markets products under the Crompton brand across India and select export markets, serving households with appliances ranging from fans and pumps to lighting solutions. Operating under professional management as an independent entity, it maintains a strong presence in the domestic consumer cyclical sector.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.