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CG Power up 5% on additional Rs 100 crore investment by Tube Investments

The proposed investment is in addition to Rs 700 crore approved for investment in the equity shares and share warrants of CG Power by TII

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2 min read Last Updated : Sep 02 2020 | 12:31 PM IST

Shares of CG Power and Industrial Solutions (CG Power) were locked in 5 per cent upper circuit at Rs 22.60 on the BSE on Wednesday after Tube Investments of India (TII) decided to invest an additional Rs 100 crore in the company.

The stock bounced back 10 per cent from intra-day’s low of Rs 20.50 on the BSE. A combined 13.3 million equity shares had changed hands on the NSE and BSE till 11:55 am. There were pending buy orders for a combined 1.17 million shares, the exchange data shows.

The proposed investment is in addition to Rs

Topics : CG power and industrial solutions Buzzing stocks Tube Investments of India

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