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CG POWER PROMOTERS
“Reallocate, Diversify, Reposition”: Ajay Srivastava flags rising macro risks for investorsIndian markets face rising macro risks from global shocks, currency pressure, and energy prices, impacting domestic consumption and corpora...
Court accepts plea to dissolve CG Power SolutionsThe tribunal had also allowed the lenders' plea to pursue recovery against the erstwhile promoters under the bankruptcy laws even after the...
Standard Chartered Bank settles case with Sebi in CG Power case; pays Rs 4.97-crThe order came after Standard Chartered Bank (SCB) approached Sebi proposing to settle the case pertaining to alleged violations of PFUTP (...
Buy CG Power and Industrial Solutions, target price Rs 195: Yes SecuritiesCG Power and Industrial Solutions, incorporated in the year 1937, is a Small Cap company (having a market cap of Rs 25196.21 Crore) operati...
SFIO, CBI may probe three lenders to CG Power, its affiliatesThe agencies are acting on the findings of a forensic audit report and Securities and Exchange Board of India (Sebi)’s probe that highlight...
Sebi refuses to lift market ban on Gautam Thapar, others; gives certain relaxationsThey have been allowed to liquidate up to 25 per cent of the value of the securities held by them.
Boardroom battle to control CG Power has led to value destruction for shareholders: InGovernIt said all elements of corporate governance seem to have failed minority shareholders.
CG Power inducts 3 independent directors including former Tupperware India head Pradeep MathurThe company said that these new additions emphasise that India and the subcontinent are key markets for CG Power. The company said it aims ...
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...
MCA wants accounts of fraud-hit CG Power to be restatedSources said MCA has filed a petition before the Mumbai-bench of the National Company Law Tribunal (NCLT) seeking permission to re-open the...
Cash-starved CG Power wants to tap markets, said to seek Sebi exemptionThe company has sought an exemption on tapping the markets from the Sebi.
Gautam Thapar may not be able to regain CG Power controlLenders including KKR and Yes Bank have converted the pledged shares into equity.
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...
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.
CG Power board moves to remove Avantha Holdings as promoterThe promoter entities together hold only 8,574 shares in the loss-making CG.
- KKR India picks up 10% in CG Power by enforcing pledge
The scrips were bought at an average price of Rs 14.25 apiece, amounting to a total of Rs 89.31 crore.
KKR India buys 10% in CG PowerAccording to the shareholding data for the June quarter 2019, Vistra ITCL is a public shareholder and held 21.63% stake in the company.
CG Power jumps 5% as CEO resigns from all subsidiary positionsLate last month, the board of CG Power removed its founder Gautam Thapar as chairman.
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.
CG Power promoter in talks to sell stake: ReportsThe report added that promoter was in talks with KKR and other PE players to sell the company.