Crompton Greaves Consumer Electricals Limited
Mirae Asset Mutual Fund decreased its stake in Crompton Greaves Consumer Electricals from 9.11% to 8.89%, selling 1,435,174 shares. The value of the shares sold is approximately ₹35.30 crore based on the 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.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.