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06-Oct2017

Crompton Greaves Consumer Electricals leads race to buy Kenstar: Report

Temasek-backed Crompton Greaves Consumer Electricals, Advent International and homegrown PE fund Everstone Capital are reportedly competing to acquire home appliances brand Kenstar in the final leg of the deal. While Crompton Greaves has bid at Rs 1,400 crore, Everstone Capital has offered Rs 1,300 crore for the company.

Crompton Greaves Consumer Electricals manufactures and markets a wide spectrum of consumer products ranging from fans, light sources and luminaires, pumps and household appliances, such as geysers, mixer grinders, toasters and irons.



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