Crompton Greaves Consumer Electricals Limited
Abu Dhabi Investment Authority reduced its stake in Crompton Greaves Consumer Electricals Limited from 1.13% to 1.08%, selling 335,225 shares. Based on the share price of ₹246.00, the value of the shares sold is ₹8.24 Cr.
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.
Sovereign wealth fund of the Emirate of Abu Dhabi, established in 1976 and one of the world's largest SWFs with around USD 1 trillion in assets. Long-term, multi-decade horizon. Indian equities sit inside its emerging markets allocation and ADIA is a consistent anchor in marquee Indian IPOs and large-block deals.