CG Power hits 5% upper circuit after KKR India picks up 10% stake

The scrips were bought at an average price of Rs 14.25 apiece, amounting to a total of Rs 89.31 crore.

Shares of CG Power and Industrial Solutions hit an upper circuit band of 5 per cent at Rs 15.69 apiece on the BSE in the early morning deals on Tuesday, a day after private equity giant KKR India picked up nearly 10 per cent stake in the company for over Rs 89 crore.

As per the latest bulk deal data on the NSE, KKR India Debt Opportunities Fund II and KKR India Financial Services Ltd acquired a total number of over 6.26 crore shares or around 10 per cent stake in CG Power.

The scrips were bought at an average