HDFC Mutual Fund recently sold 1.26 crore shares of Crompton Greaves Consumer Electricals (CGCEL) in the open market for a consideration of Rs.168 crore. Post the transaction, its stake in the company has come down to 7.2% from 9.2%. As on May 12, 2016, mutual funds held a 23% stake, while foreign institutional investors controlled 13.4%. The company was listed on the bourses on May 13 and has since gained 5.5%, slightly outperforming the benchmark Sensex which has gained 4.1% during the same period.
HDFC Mutual Fund has reduced its holding in Crompton Greaves Consumer Electricals
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