SBI Mutual Fund, Amundi pick up stakes in CG Consumer block deal

Nearly 51 million shares exchanged hands on Tuesday in the block deal

SBI Mutual Fund and Amundi have picked up key stakes in the Rs 1,275-crore block deal executed by private equity (PE) players Advent and Temasek on Tuesday in Cromption Greaves (CG) Consumer. While SBI Mutual Fund acquired a 4.8 per cent stake for Rs 750 crore, Amundi India picked up 1.44 per cent for Rs 225 crore. 

Advent International's Amalfiaco and Temasek's MacRitchie Investments, both promoter entities, offloaded 5.15 per cent and 3.01 per cent respectively of their stakes in the firm. 

For the quarter ended September 30, Amalfiaco and MacRitchie held 22.33 per cent and 12.03 per cent in CG Consumer,