CG Power and Industrial Solutions Limited — QIP/Rights/Pref., 04-07-2025: Allotment of Securities

CG Power has announced a board meeting to approve the financial results for the quarter and half-year. The company allotted 4.54 crore equity shares at ₹660 each (₹2 face value) via a Qualified Institutions Placement (QIP), raising approx. ₹3,000 Cr from qualified institutional buyers. Post-issue, paid-up equity capital increased to ₹314.91 Cr from ₹305.82 Cr. Major allottees include HDFC Pension Fund, SBI Pension Fund schemes, Axis Mutual Fund, Motilal Oswal Funds, Aditya Birla Sun Life Funds, HDFC Mutual Fund, and HDFC Life Insurance. This infusion strengthens the company's financial position with dilution of existing shareholders.