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CG Power surges on getting shareholders' nod to borrow up to Rs 5,000 crore

18 Dec 2019 Evaluate

CG Power & Industrial Solutions is currently trading at Rs. 11.70, up by 0.06 points or 0.52% from its previous closing of Rs. 11.64 on the BSE.

The scrip opened at Rs. 11.70 and has touched a high and low of Rs. 11.90 and Rs. 11.49 respectively. So far 3921 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 47.35 on 20-Mar-2019 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. 12.42 and Rs. 10.61 respectively. The current market cap of the company is Rs. 733.29 crore.

The Institutions and Non-Institutions held 49.83% and 50.17%, stake in the company respectively.

CG Power and Industrial Solutions has received a shareholders' nod to borrow up to Rs 5,000 crore to meet working capital and other business needs. As many as 99.99 per cent of shareholders, at the company's annual general meeting held on December 14, voted in favour of a resolution moved for raising borrowing limit.

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.

CG Power & Indl.Soln Share Price

796.65 21.80 (2.81%)
20-Apr-2026 16:59 View Price Chart
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