The news of Tube Investments of India (TII) acquiring a controlling stake in CG Power and Industrial Solutions (CG Power) has boosted investor sentiment. Oct 13, 22:46. Company profile page for CG Power & Industrial Solutions Ltd including stock price, company news, press releases, executives, board members, and contact information With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. According to HLN, hundreds of workers stand to lose their jobs due to the decision, including 450 in the factory in Antwerpsesteenweg.The trade unions hope that the bankruptcy will ensure a quick restart. Also watch: CG Power shares slump after board finds 'suspect transactions' CG Power’s revenue rose to ₹ 5,355 crore in the year ended 31 March from ₹ 5,106 crore in the previous fiscal. The total volume of shares traded was 8.4 m. Overall, the broader S&P BSE CAPITAL GOODS Index was down by 0.1%. New Delhi: Investors and lenders of power equipment maker CG Power & Industrial Solutions Ltd want tycoon Gautam Thapar to be removed as chairman of the company after an investigation unearthed a multi-crore financial scam in the firm, sources privy to the development said. TII had signed a share purchase agreement with CG Power to acquire around 57% stake for an investment of Rs 800 crore. Yes Bank has exited CG Power & Industrial Solutions Ltd (CG Power) by selling its entire stake-holding in the company, the bank said on Wednesday. NEW DELHI: Chennai-based Murugappa Group on Thursday took over scam-hit CG Power and Industrial Solutions, infusing Rs 700 crore into the company and appointing directors on its board. CG Power and Industrial Solutions Ltd - Announcement under Regulation 30 (LODR)-Allotment. Tube Investments' stake purchase in CG Power gets Competition Commission nod. Belgian transformer manufacturer CG Power Systems Belgium has been declared bankrupt by courts in Mechelen. 1) CG Power: CG Power shares slid as much as 10% after the company said it had terminated divestment deal for some Hungarian assets owned by its unit. India Business News: New Delhi, Dec 11 Shares of CG Power and Industrial Solutions Ltd on Wednesday declined approximately 5 per cent as the Serious Fraud Investigation. CG POWER & INDUSTRIAL Share Price Today: CG POWER & INDUSTRIAL last traded price was down 4.2% to Rs 35.3 on the BSE. CG Power & Industrial Solutions Ltd. Stock/Share prices today, CG Power & Industrial Solutions Ltd. Live BSE/NSE. ... 64,25,23,365 equity shares of the Company of face value of Rs. Tube Investments share rose over 3% today after the firm acquired a controlling stake in CG Power and Industrial Solutions .It now now holds 50.62 per cent of the company's paid-up share capital. 2 each ('Equity Shares') at a price of Rs. Avantha Group Company CG is a global pioneering leader in the management and application of electrical energy. CG Power Company News Article CG Power share /stock news, Company news and announcements, CG Power company latest article and updates, company results, business news on Moneycontrol. 12.31 pm | 2 Sep 2020 | Business Standard 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 CG Power in a stock exchange filing said the company board at its meeting on Thursday issued 64.25 crore shares of Rs 2 at a price of Rs 8.56 (including premium) per share aggregating to Rs 550 crore to … CG Power and Industrial Solutions posts Rs 109 crore net profit in September quarter. Lenders of CG Power and Industrial Solutions have given their nod for a one-time settlement and restructuring of debt, paving the way for the Chennai-based Murugappa Group to take over the troubled po Cgpower financial results, Cgpower shareholding, Cgpower annual reports, Cgpower pledge, Cgpower insider trading and compare with peer companies. The company is organized into four business groups: Power, Automation, Industrial and … CG Power Consolidated March 2020 Net Sales at Rs 616.25 crore, down 69.01% Y-o-Y NEW DELHI: Fraud-hit CG Power and Industrial Solutions on Tuesday said its board has approved the appointment of Pradeep Mathur as an additional and non-executive independent director of the company. CG Power’s Q4FY18 consolidated sales increased by 18.1% yoy to Rs1,792.4cr from Rs1,517.6cr (net of excise duty) in Q4FY17. The shares of Tube Investments of India ended 4% lower on Thursday, and CG Power was down nearly 2%. The shareholding of CG Power is evenly split between institutional shareholders (with 305.98 million shares) and non-institutional public shareholders (320.07 million shares). Get details on CG Power & Industrial Solutions Ltd. news, dividends, financial report, shareholding, company profile, annual report, quarterly results, profit and loss account, results and more. Staff Selection Commission Recruitment 2020: … Cg Power And Industrial Solutions Ltd Live BSE Share Price today, Cgpower latest news, 500093 announcements. CG Power and Industrial Solutions posts Rs 109 crore net profit in September quarter - 29 Oct 2020 Indian Share Markets Open Flat; NTPC & Bajaj Auto Top Gainers - 27 Nov 2020 BSE Announcements from CG Power and Industrial Solutions Ltd. On the NSE, CG POWER & INDUSTRIAL last traded price was down 4.1% to Rs 35.3. CG Power and Industrial Solutions hit an upper circuit of 5percent at Rs 41.15 after Tube Investments of India acquired a controlling stake in the company. Mumbai | Delhi, India (NewsVoir) Cyril Amarchand Mangaldas, India’s largest corporate law firm, advised Murugappa Group in the acquisition of a controlling stake in CG Power & Industrial Solutions Limited (“CG Power”). Jun 29, 19:34. CG Power up 5% on additional Rs 100 crore investment by Tube Investments. CG Power, Tube Investments: CG Power and Industrial Solutions said Murugappa Group firm Tube Investments of India has acquired a controlling stake in it and now holds 50.62 per cent of the company's paid-up share capital. The stock, however, recovered later in the day to trade flat at Rs 38.15 CG Power has gained 27 per cent while TII shares are up 15.8 per cent since the announcement as the Street sees it … Cg Power And Industrial Solutions Ltd latest corporate news & announcements, Be updated on the live and latest happenings in Cg Power And Industrial Solutions Ltd with the fastest & most reliable source Equity shares & apos ; equity shares & apos ; ) at price. 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