CG Power and Industrial Solutions Limited — QIP/Rights/Pref., 03-07-2025: Qualified Institutional Placement

CG Power and Industrial Solutions has announced a qualified institutions placement (QIP) of equity shares with a face value of ₹2 each. The issue price is fixed at ₹660 per share, including a premium of ₹658, after a 2.81% discount to the floor price. The issue has been closed following receipt of applications and funds from eligible institutional buyers. Proceeds from the placement are typically aimed at strengthening the balance sheet, supporting growth, or debt reduction, though specific use has not been detailed.