Announced Fri, 24 Jul · 17:05 IST
No deviation in QIP fund usage for Jun 2026 quarter
Fund Raising View source PDF
CGPOWER · price
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AI summary
CG Power filed its quarterly statement confirming no deviation or variation in the use of QIP funds raised in July 2025. The company raised Rs 3,000 crores (net proceeds Rs 2,973.97 crores after Rs 26.03 crores in issue expenses). In the quarter, it utilised Rs 184.67 crores for CG Semi OSAT facility, Rs 241.72 crores for power transformer plant and leasehold land, and Rs 50.23 crores for general corporate purposes. No funds were deployed for acquisitions. CARE Ratings is the monitoring agency.
Likely market impact
Confirms disciplined use of QIP proceeds with no deviation; supports investor confidence and regulatory compliance.