Crompton Greaves Consumer shares surge nearly 7% today after Aditya Birla Group stake acquisition report

Shares of Crompton Greaves Consumer Electricals jumped sharply on Friday, May 15, after reports suggested that Aditya Birla Group is among the parties looking to acquire a majority stake in the company.

The stock rose 6.75% to Rs 308.45 on the NSE, gaining Rs 19.50 from its previous close of Rs 288.95. The stock moved in the range of Rs 284.00 to Rs 307.95 during the session.

The sharp move came after CNBC-TV18 reported, citing sources, that Aditya Birla Group is among multiple bidders in contention to acquire a majority controlling stake in Crompton Greaves Consumer Electricals.

The stock had been moving gradually higher through the session before witnessing a sharp spike around 2:40 PM IST, coinciding with the M&A report. The development triggered strong buying interest, with the stock also appearing among the top gainers and most active counters.

The reported stake sale comes as existing key shareholders Advent International and Temasek have held their investment in the company for several years following the 2016 demerger from CG Power. A majority stake acquisition, if concluded, could also trigger an open offer obligation under takeover regulations.

The M&A-driven rally came despite weak reported profitability in Q4 FY26. Crompton Greaves Consumer Electricals reported revenue from operations of Rs 2,283.27 crore in Q4 FY26, up 10.8% year on year and 20.3% sequentially.

However, the company posted a net loss of Rs 531.07 crore for the quarter against a net profit of Rs 171.74 crore in Q4 FY25, mainly due to an exceptional loss of Rs 716.04 crore. Profit before tax stood at a loss of Rs 483.60 crore compared with a profit of Rs 230.80 crore a year earlier.

The sharp rise in the stock suggests investors focused on the potential change in ownership and open offer possibility rather than the weak reported quarterly bottom line.

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