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CG POWER BOARD
Murugappa Group to invest Rs 700 crore in CG PowerThis process allows other potential suitors to make a counteroffer, after which the first investor, in this case Tube Investment, will have...08 Aug, 2020, 09.46 AM IST- Fund crunch delays Board-commissioned investigation into book-rigging charges at CG PowerIn December last year, the Serious Fraud Investigation Office under the ministry of corporate affairs initiated a probe into 16 group entit...27 Jul, 2020, 03.18 PM IST
- CG Power imbroglio: Gautam Thapar cites board approvals, rejects fund misuse allegationsCG Power board sacked Thapar after an audit report by Vaish Associates, which itself is based on as many as 23 disclaimers, claimed that Th...15 Dec, 2019, 07.37 PM IST
- CG Power plans to re-examine accounts of previous three yearsCG Power had in August stated that an investigation instituted by its board had found major governance and financial lapses, including some...12 Nov, 2019, 11.35 PM IST
- Banks plan to recast Rs 4,000 crore CG Power loansLenders of the fraud hit CG Power plan an easier moratorium on repayment of loans and are also considering whether the company needs emerge...16 Oct, 2019, 06.45 AM IST
- Gautam Thapar, Avantha file caveat in Bombay HC seeking 2-day noticeThe board of CG Power, a flagship company of Avantha Group till recently, had ousted Thapar as its chairman on August 29 for alleged accoun...03 Oct, 2019, 11.14 PM IST
- Conditional offer: Sunil Mittal company to lead efforts to revive CG PowerSBM Holdings & institutional investors looking to put in working capital and revive domestic operations.03 Oct, 2019, 08.53 AM IST
- CG Power board moves to remove Avantha Holdings as promoterThe promoter entities together hold only 8,574 shares in the loss-making CG.03 Oct, 2019, 08.52 AM IST
- CG Power's board to decide on CEO KN Neelkant's continuity todayThe company board had earlier ousted Chairman Gautam Thapar and Chief Finance Officer VR Venkatesh along with a couple of senior executives...30 Sep, 2019, 06.38 PM IST
- CG Power gains 5% after firm appoints new chairmanThe Board of Directors at the meeting held on Wednesday appointed Ashish Kumar Guha.26 Sep, 2019, 03.54 PM IST
- CG Power may refuse to repay unapproved loans of its unitsLoans were given to subsidiaries without the authorisation of company directors, two persons aware of the board’s thinking told ET.17 Sep, 2019, 11.00 PM IST
- CG Power fails to get Rs 200-crore working capitalBanks are not keen to lend to CG power as govt agencies step up probe into alleged wrongdoings at the firm.12 Sep, 2019, 08.33 PM IST
- CG Power Irregularities: Gautam Thapar joins probe, rejects allegations of unauthorised dealsThapar was ousted from the chairmanship of the troubled CG Power and Industrial Solutions last week after alleged irregularities and unauth...05 Sep, 2019, 06.57 PM IST
- CG Power may move Enforcement Directorate against Avantha Group promoter Gautam ThaparBoard may file PMLA complaint, hopes lookout notice will stop Thapar from fleeing country.30 Aug, 2019, 11.38 PM IST
- CG Power board removes chairman Gautam ThaparDecision comes after probe flagged financial and governance issues at co; businessman denies fraud.30 Aug, 2019, 07.30 AM IST
- ‘Suspect’ transactions detected at Gautam Thapar’s CG Power; stock tanks 20%. YES Bank suffers collateral damageFraud at CG Power was purportedly carried out by employees for over 2 years.20 Aug, 2019, 12.33 PM IST
- KKR, Yes Bank and BOI AXA may take control of CG PowerThe move is aimed at cleaning some of the recently reported related party issues and re-shaping the company, which otherwise has a clean tr...15 Mar, 2019, 09.57 AM IST
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