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CG Power touches roof on bourses

CG Power is currently trading at upper circuit of Rs. 15.69, up by 0.74 points or 4.95% from its previous closing of Rs. 14.95 on the BSE.

The scrip opened at Rs. 15.69 and has touched a high and low of Rs. 15.69 and Rs. 15.69 respectively. So far 34590 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 55.00 on 17-Sep-2018 and a 52 week low of Rs. 8.25 on 27-Aug-2019.

Last one week high and low of the scrip stood at Rs. 15.69 and Rs. 13.86 respectively. The current market cap of the company is Rs. 983.36 crore.

The Institutions holding in the company stood at 50.23%, while Non-Institutions held 49.77%.

KKR India has picked up 10 per cent stake in CG Power and Industrial Solutions (CG) for over Rs 89 crore through open market transactions. KKR India Financial Services bought a total number of over 6.26 crore shares or 10.01 per cent stake in the company.

Avantha Group Company CG Power and Industrial Solutions (formerly Crompton Greaves) is a global pioneering leader in the management and application of electrical energy. CG provides end-to-end solutions that meet all electrical needs of its customers. CG’s offerings include electrical products, systems and services for utilities, power generation and industries.

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