India's Crompton Greaves jumps on report Grasim eyeing controlling stake; firms deny

Grasim Industries

15/05/2026 11:20

Updates

** Shares of Crompton Greaves Consumer Electricals CROP.NS, RIC close 4.5% higher at 301.95 rupees

** Earlier rose as much as 7.5% to hit their highest level since September 2025

** Aditya Birla Group's Grasim Industries GRAS.NS interested in acquiring the consumer electricals firm, CNBC TV-18 reports, citing sources

** "We categorically deny this story," Aditya Birla Group spokesperson tells Reuters

** Crompton Greaves, after market close, said not engaged in any discussions on this matter

** CROP's market value stands at about $2 billion

** Grasim settled largely flat

** YTD, CROP up 20%, GRAS gained 4%

(Reporting by Nishit Navin in Bengaluru)

((nishit.navin@thomsonreuters.com))