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Vanguard offloads Crompton Greaves CE while Small Cap World Fund enters the stock



CGCE is the demerged entity of Crompton Greaves. CG sold its power business overseas to a US private equity fund for an enterprise value of 115 million euros. It included its European, North American and Indonesian power transmission businesses to First Reserve International.

Post de-merger, shareholders of Crompton Greaves received resultant equity in company Crompton Greaves Consumer Electricals.

Cromptom Greaves Consumer Electrical Share Price May 2016

Vanguard Funds offloaded 7,073,364 shares representing 1.13% while Small Cap World Fund took on 5,320,816 shares or 0.85%.

Vanguard Funds held 6,508,668 shares or 1.04% on 30-Apr-16 as per the disclosure on this site.




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