CG power
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December 28, 2020, Monday
Murugappa Group signs agreement for settling CG Power's dues, loan recast
Says CG Power's resolution of outstanding obligation towards its lenders has been completed by upfront payment of Rs 650 crore to ...
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December 19, 2020, Saturday
Tube Investments increases stake in CG Power after preferential allotment
Initially, TII invested around Rs 700 crore to acquire 51% stake in the scam-hit CG Power and Industrial Solutions
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December 17, 2020, Thursday
Tube Investments looks to reduce dependence on automobile industry
With the largest acquisition in its history, the Murugappa flagship is looking to reduce its dependence on the automobile ...
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November 28, 2020, Saturday
CG Power to start creating cash next year and pay debt: Tube Investments MD
In an interview with Business Standard, Vellayan Subbiah, MD, spoke on how the acquisition fits in the firm's strategy and how it ...
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November 22, 2020, Sunday
CG Power lenders agree for loan recast, pave way for Murugappa takeover
CG Power and Murugappa Group firm Tube Investments of India Ltd, said lenders have accepted one-time settlement and restructuring ...
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October 28, 2020, Wednesday
CG Power net profit at Rs 109 cr in Sept quarter, total income at Rs 673 cr
The company had suffered a net loss of Rs 1,595.21 crore in the corresponding period of the previous financial year, according to ...
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October 21, 2020, Wednesday
CG Power shareholders vote to declassify Gautam Thapar as promoter
Within days of the unearthing of the fraud involving siphoning off money raised using company assets as collateral, Thapar was ...
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September 02, 2020, Wednesday
Tube Investments gets board nod to infuse another Rs 100 cr in CG Power
The firm has already committed Rs 700 crore to CG Power
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August 21, 2020, Friday
KKR India sells CG Power shares worth Rs 30 cr through open market ops
KKR India Financial Services sold 96,10,588 shares of the company at an average price of Rs 16.85 apiece on the NSE, as per the ...
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August 18, 2020, Tuesday
Minority shareholding shuffle seen at CG Power; Blue Diamond picks 7% stake
The bulk sale deals in the company scrip seen in the last one week included KKR, Vistra ITCL India and L&T Finance
