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Advent International exits Crompton; sells entire 5.36% stake for Rs 1,348 cr


Advent International exits Crompton; sells entire 5.36% stake for Rs 1,348 cr
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Last Updated: Jun 09, 2021, 11:31 PM IST
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The shares were offloaded on an average price of Rs 400.4 apiece, valuing the transaction at Rs 1,348.06 crore, data showed.
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The shares were lapped up by over a dozen entities, including foreign investors, domestic mutual funds and insurance companies.
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Crompton Greaves Consumer Electricals for a little over Rs 1,348 crore through multiple open market transactions.
The shares were lapped up by over a dozen entities, including foreign investors, domestic mutual funds and insurance companies.
According to block deal data available with the BSE, Advent International Corp s Amalfiaco Ltd sold a total of 3,36,67,802 shares, amounting to a 5.36 per cent stake of Crompton. ....

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Pragya Bijalwan joins Crompton as CMO | Marketing


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Consumer electrical company Crompton Greaves Consumer Electricals has announced the appointment of Pragya Bijalwan as chief marketing officer.
 
Bijalwan moves from Castrol India where she was leading product innovations, brand campaigns and technology based innovative solutions.  
 
She said, “I am absolutely thrilled to be a part of this brand that despite having a very strong consumer franchise, accords top priority to adapting and evolving as per their changing needs. As we move into a new post – pandemic era, which is a challenging yet exciting time for the brand, our goal is to further strengthen our leading positions in key categories while accelerating growth in new categories through meaningful innovation. This will be supported by our integrated communication approach.”  ....

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South America Ceiling Fans Market Forecast to 2027 -


South America Ceiling Fans Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product, Fan Size, and End-User
The ceiling fans market in SAM is expected to grow from US$ 967. 77 million in 2019 to US$ 1,471. 67 million by 2027; it is estimated to grow at a CAGR of 5. 5% from 2020 to 2027. The increasing demand for energy-efficient fans is used in various end-user applications, ranging from ceiling fans for domestic use to multiple blade fans of varying sizes and dynamic airflow that are used in different industrial cooling equipment and efficient airflow.
May 25, 2021 06:43 ET
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New York, May 25, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report South America Ceiling Fans Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product, Fan Size, and End-User - https://www.reportlinker.com/p06075770/?ut ....

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