L&T Finance sells its remaining stake in CG Power and Industrial Solutions
Shares of CG Power were trading 4.98 per cent higher at Rs 15.39 per share on BSE
 "L&T Finance sells its remaining stake in CG Power and Industrial Solutions")
premium
L&T Finance Ltd has divested its entire equity stake of 9.99 per cent in CG Power and Industrial Solutions through open market transactions.
L&T Finance has "sold (in open market) 6.26 crore shares of CG Power and Industrial Solutions Ltd, constituting 9.99 per cent of the paid up share capital of CG Power and Industrial Solutions Ltd," a regulatory filing said.
The said 6.26 crore equity shares have been sold in various tranches last being on August 17, the filing added.
Following the said transaction, L&T Finance does not hold any equity in the CG Power and Industrial Solutions.
The value of the stake sale was not disclosed.
Shares of CG Power were trading 4.98 per cent higher at Rs 15.39 per share on BSE.
There is no change in the equity share capital of the CG Power and Industrial Solutions after this stake sale by L&T Finance.CG Power and Industrial Solutions equity share capital stands at 626,746,142 shares with face value of Rs two each, as per the filing.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%