India Digest: PE firms to part-exit CG Consumer; SAMHI, Ujjivan SFB in IPO news

US-headquartered Advent International and Singapore’s Temasek Holdings are gearing up to sell shares in Crompton Greaves Consumer Electricals in a block deal. In separate developments, SAMHI Hotels has received the capital market regulator’s nod to go ahead with its IPO plan, while Ujjivan SFBank IPO sails through on the first day.

Advent, Temasek to dilute 26% stake in CG Consumer

Advent International, a private equity firm headquartered in the US, and Singapore state-owned investment firm Temasek Holdings are gearing up to sell shares amounting to about $185 million (Rs 1,328 crore) in Crompton Greaves Consumer Electricals on Tuesday in a block deal, according to a report by The Economic Times.

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