Mirae Asset Investment Managers (India) Private Limited has filed a mandatory disclosure regarding a substantial acquisition of shares in Crompton Greaves Consumer Electricals Ltd. The transaction, executed on February 10, 2026, involved the purchase of 1,339,027 equity shares via the Open Market. This purchase increased the fund’s total holding to 8.660% of the target company’s total voting capital. The acquisition was made on an open market basis.
Mandatory Disclosure of Stake Increase
Mirae Asset Investment Managers (India) Private Limited has formally notified the stock exchanges regarding changes in its shareholding in Crompton Greaves Consumer Electricals Ltd. (BSE Code: 539876). The disclosure is pursuant to the requirements concerning Substantial Acquisition of Shares and Takeovers Regulations, 2011, following an acquisition that took place on February 10, 2026.
Details of Acquisition and Holding
The acquisition involved the purchase of 1,339,027 shares carrying voting rights through the Open Market mechanism. This specific transaction represented 0.205% of the total equity capital of the target company.
Holding Summary
The table below summarizes the key movement in the holdings of the acquirer, Mirae Asset Mutual Fund:
- Pre-Acquisition Holding: The fund held 55,260,259 shares, representing 8.455% of the total voting capital.
- Acquisition Size: 1,339,027 shares (0.205%).
- Post-Acquisition Holding: The total holding, comprising shares carrying voting rights, now stands at 56,599,286 shares, which equates to 8.660% of the total voting capital.
Capital Structure Context
The total equity share capital of Crompton Greaves Consumer Electricals Ltd. remained constant throughout the transaction period, reported at 653,597,856 shares both before and after the acquisition date of February 10, 2026. The reporting signatory for Mirae Asset was Rimmi Jain, Head – Compliance, Legal and Company Secretary.
Source: BSE
