Advent International, Temasek sell Crompton Greaves stake worth $177m

Advent International, Temasek sell Crompton Greaves stake worth $177m

Crompton Greaves has been looking to sell a few of its assets to repay debt. Its consolidated debt stood at Rs2,743.83 crore as on 31 March. Photo: Prajakta Patil/Mint

Private equity firm Advent International and Singapore’s state investment arm Temasek on Tuesday sold shares worth ₹1,275 crore in consumer durables maker Crompton Greaves Consumer Electrical.

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