| Singapore investor Temasek Holdings has emerged as frontrunner to buy a $200-million stake in the about to be demerged consumer products business of CromptonGreaves, controlled by billionaire GautamThapar, according to multiple sources directly familiar with the matter. Temasek and Crompton Greaves' promoter have entered into exclusive negotiations, taking the former ahead of rival offers from General Atlantic Partners and Bain Capital, which valued the consumer products division at $900 million.
Crompton Greaves' consumer unit makes fans, appliances, luminaires, home automation and integrated security systems. It reported a revenue of Rs 748 crore in the fiscal 2014 with operating profit estimated at 11.8%...............................................Full Article: Source
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