CG Power Sets QIP Floor Price At ₹679.08 Per Share

CG Power and Industrial Solutions Ltd. has set the floor price for its qualified institutional placement at ₹679.08 per share. 

The QIP opened Monday. The company’s board had earlier approved raising up to ₹35 billion via this route. 

IIFL Capital Services, DAM Capital Advisors, and HSBC Securities and Capital Markets are acting as the book running lead managers for the issue.