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Standard Chartered Bank sells 1.38 crore shares of CG Power

08 Sep 2022 Evaluate

Standard Chartered Bank (Singapore) has sold 1.38 crore shares of CG Power and Industrial Solutions for Rs 298 crore through an open market transaction. According to block deal data available with BSE, Standard Chartered Bank (Singapore) sold 1,38,45,000 shares in six tranches, amounting to a 0.91 per cent stake in the company. The shares were disposed of at an average price of Rs 215 apiece, taking the transaction value to Rs 297.66 crore.

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.

Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18189.00
Havells India 1059.00
Suzlon Energy 38.35
Siemens 3804.45
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