Cyril Amarchand Mangaldas advised JP Morgan India on bulk share sale of Crompton Greaves Consumer Electricals by Temasek
Cyril Amarchand Mangaldas advised JP Morgan India on bulk share sale of Crompton Greaves Consumer Electricals by Temasek
Cyril Amarchand Mangaldas acted as the Indian legal counsel to J.P. Morgan India Private Limited (JP Morgan India), the sole broker in relation to bulk sale of approximately 37.6 million shares of Crompton Greaves Consumer Electricals, held by MacRitchie Investments Pte. Ltd., a promoter entity and indirect wholly owned subsidiary of Temasek Holdings (Private) Limited.
Crompton Greaves Consumer Electricals Limited (also known as Crompton) is an Indian electrical equipment company based in Mumbai, India. The company has lighting and electrical consumer durables including LED lighting, fans, pumps, and household appliances like water heaters, air coolers, and kitchen appliances.
The brand "Crompton Greaves" is one of the oldest brands in the country and has a rich legacy associated with great quality, reliability, superior engineering capability, product design.
Temasek Holdings (Private) Limited is a Singaporean state holding company owned by the Government of Singapore. Headquartered in Singapore, it has 12 offices in 8 countries around the world.
The Capital Markets Practice team was led by Abhinav Kumar, Partner; with support from Anuj Pethia, Consultant.
The transaction was signed on August 05, 2022; and closed on August 10, 2022.
