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KN NEELKANT
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...- SFIO to probe fund diversion at CG Power“The probe had found certain instances of funds being transferred to the promoter's company. When Thapar was confronted with the same, he r...
- CG Power plans to raise Rs 800 cr via equity issue to tackle liquidity crisisCG is faced with alleged financial irregularities that may have led to the company losing Rs 3,000 crore.
- The downfall! How this iconic Delhi business empire went bustBusiness tycoon Gautam Thapar’s Avantha Group topped the $4 billion revenue mark during 2007-08.
- 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...
- CG Power board moves to remove Avantha Holdings as promoterThe promoter entities together hold only 8,574 shares in the loss-making CG.
- In eye of storm, CG Power CEO Neelkant resignsRestructuring debt will require a change in management and board asked him to step down; Neelkant cries foul.
- 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...
- Stocks in the news: Lakshmi Vilas Bank, DHFL, CG Power, GRUH Finance and Indiabulls Real EstateA board meeting of CG Power to decide on the continuity of KN Neelkant as CEO could turn out to be tense.
- 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.
- Gautam Thapar takes legal action against CG Power boardThe financial damage to CG’s balance sheet is now estimated to be in excess of Rs 3,000 crore.
- CG Power board removes chairman Gautam ThaparDecision comes after probe flagged financial and governance issues at co; businessman denies fraud.
- ‘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.
- Crompton Greaves appoints KN Neelkant as new EVP & President for industrial businessCrompton Greaves (CG) today said it has appointed K N Neelkant as Executive Vice President as well as President of its industrial business ...
- Avantha Power synchronises 600 MW unit of Raigarh plant in ChhattisgarhAvantha Group said the 600 MW unit of its Chhattisgarh thermal power plant has cleared the first stage of commissioning.
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