HDFC Mutual Fund (MF) has cut its stake in the Crompton Greaves Consumer Electricals (CGCEL) by 2.07% to 5.13% by sales of shares worth 181 crore in the open market on July 7, 2016. Before the transaction, the schemes of HDFC Mutual Fund held 4.51 crore shares amounting to 7.20% stake which has been brought down to 3.21 crore shares after the open market sale.
Crompton Greaves Consumer Electricals manufactures and markets a wide spectrum of consumer products ranging from fans, light sources and luminaires, pumps and household appliances, such as geysers, mixer grinders, toasters and irons. Crompton has been the market leader in fans, domestic pumps and street lighting for over 20 years. It has manufacturing locations in Goa, Vadodara, Ahmednagar and Baddi.
| Company Name | CMP |
|---|---|
| Crompt.Greaves Cons. | 293.35 |
| Whirlpool Of India | 955.90 |
| Bajaj Electricals | 406.70 |
| Orient Electric | 189.35 |
| TTK Prestige | 519.35 |
| View more.. | |
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