Crompton Greaves plans to sell 35% stake in consumer durables business: Reports

The stock was down 1% at Rs 172.

Crompton Greaves is planning to sell 35% stake in its consumer durables business to private equity firm Advent for $300 mn, according to reports.

The announcement is expected soon.

The stock was down 1% at Rs 172. 

The stock has hit a high of Rs 175 and a low of Rs 170.

Total traded quantity on the counter stood at over 1.93 lk shares