Page 3 - Cg Power And Industrial Solutions

Standard Chartered Bank offloads CG Power shares of worth Rs 298 cr

Standard Chartered Bank (Singapore) Ltd offloaded 1.38 crore shares of CG Power and Industrial Solutions shares for Rs 298 crore on Wednesday through an open market transaction. According to block deal data available with BSE, Standard Chartered Bank (Singapore) Ltd sold 1,38,45,000 shares in six tranches, amounting to a 0.91 per cent stake in the company. The shares were disposed of at an average price of Rs 215 apiece, taking the transaction value to Rs 297.66 crore. Meanwhile, Societe Generale, DSP Mutual Fund and HDFC Life Insurance company Ltd picked up the shares of the company. Shares of CG Power and Industrial Solutions closed 1.65 per cent higher at Rs 219.25 on BSE.

CG Power and Industrial Solutions Q1 net profit jumps 138% to Rs 130 crore

The company had reported a consolidated net profit of Rs 54.58 crore in the quarter ended on June 30, 2021, a BSE filing said

CG Power hits all-time high; surges 30% in one month on strong outlook

The company said it has been identifying areas of synergies with Tube Investments and the Murugappa Group to take the pillars of growth much higher in the next 3-5 years

High court quashes Rs 684 cr tax demand notice against co, says CG Power

CG Power and Industrial Solutions on Monday said that the Bombay High Court has quashed an assessment order of Rs 684.08 crore against the company issued by the I-T department.

Amansa sells shares of CG Power and Industrial Solutions worth Rs 351 cr

This took the total deal value to Rs 350.83 crore

This Murugappa Group stock has zoomed 100% in 11 weeks

CG Power and Industrial Solutions hit a multi-year high of Rs 157.65 today, and has zoomed 3,261 per cent from its March 2020 low of Rs 4.69 on the BSE

CG Power and Industrial Solutions reports standalone Q2 net at Rs 93.67 cr

CG Power and Industrial Solutions Ltd, part of the diversified conglomerate Murugappa Group has reported a standalone net profit at Rs 93.67 crore for the quarter ending September 30, 2021.

CG Power case delays Aditya Birla Sun Life's IPO by at least 3 months

Sebi has put initial offer in abeyance due to pending inquiry against group firm

YES Bank loan fraud: CBI books former CG chairman Gautam Thapar, others

The case has been registered on a complaint, dated May 27, 2021, from Chief Vigilance Officer of the bank Ashish Vinod Joshi

CG Power hits over 2-year high ahead of board meet for preferential issue

The board is scheduled to be held on Thursday, March 25, to consider issue of equity shares on preferential allotment basis to Standard Chartered Bank (Singapore)

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

CG Power up 5% on additional Rs 100 crore investment by Tube Investments

The proposed investment is in addition to Rs 700 crore approved for investment in the equity shares and share warrants of CG Power by TII

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

CG Power approves securities subscription agreement with Tube Invt; stk up

Tube Investments of India was trading nearly 5.5 per cent higher at Rs 537.20.

NCLT allows MCA's plea to reopen CG Power's accounts from FY15 to FY19

The National Company Law Tribunal (NCLT) on Thursday allowed a government petition seeking to reopen CG Power and Industrial Solutions accounts from 2014-15 to 2018-19. The corporate affairs ministry had filed an application in the NCLT seeking the appointment of an independent auditor to reopen the accounts of CG Power & Industrial Solution from 2014-15 to 2018-19. The ministry in its prayer had said the reopening of the books of accounts is needed to bring out the truth in the larger public interest. The Mumbai-bench -- comprising members Bhaskara Pantula Mohan and Rajesh Sharma -- in its order also directed the government not to rely on the report by Vaish Associates, and asked them to conduct a separate investigation. The tribunal also denied CG Power & Industrial Solution founder Gautam Thapar's plea to grant stay on the order. Earlier in January, the NCLT had quashed the audit report submitted by Vaish Associates, terming it bogus. Thapar was sacked based on this report,

CG Power's board battle led to value destruction for shareholders: Report

The research also said that KKR India may have had a role in the unfolding of events at CG Power, since the private equity investor had debt exposure to the holding company Avantha Holdings

CG Power's boardroom battle has destroyed value for shareholders: InGovern

According to Thapar, the events at CG Power have been orchestrated by the lenders

Rathin Roy among three new independent directors in CG Power board

The other two are former Tupperware MD Pradeep Mathur and former IAS officer Aditi Raja

CG Power consolidated loss widens to nearly Rs 1,600 cr in Sept quarter

Total income of the company fell to Rs 1,548.50 crore in the second quarter of this fiscal from Rs 2,115.27 crore year ago, according to a BSE filing

SFIO begins investigation into CG Power and its 15 group companies

MCA had previously asked its SFIO to probe the affairs of the company along with 15 other firms, including two subsidiaries CG Power Solutions Ltd and CG International BV