CG Power and Industrial Solutions Ltd to consider preferential allotment to Standard Chartered Bank

A Meeting of the Board of Directors of CG Power and Industrial Solutions Ltd is scheduled to be held on Tuesday, May 11, 2021, to consider amongst other businesses, issue of equity shares on preferential allotment basis to Standard Chartered Bank (Singapore) Limited, a Qualified Institutional Buyer, as settlement of all obligations under a guarantee issued by the Company and in accordance with applicable laws.

Shares of CG Power and Industrial Solutions Ltd was last trading in BSE at Rs.84.45 as compared to the previous close of Rs. 80.45. The total number of shares traded during the day was 1792298 in over 5550 trades.

The stock hit an intraday high of Rs. 84.45 and intraday low of 80.3. The net turnover during the day was Rs. 149917305.

Source : Equity Bulls

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