CG Power and Industrial Solutions Limited — QIP/Rights/Pref., 30-06-2025: Qualified Institutional Placement

CG Power and Industrial Solutions Limited has announced a qualified institutions placement (QIP) to raise funds through equity shares with a face value of ₹2 each. The issue floor price is fixed at ₹679.08 per share, with a possible discount of up to 5%. Book running lead managers appointed are IIFL Capital, DAM Capital, and HSBC Securities. The funds raised will support the company’s growth initiatives, though specific use of proceeds is not detailed. The issue has been opened following board and shareholder approvals.