Minority shareholding shuffle seen at CG Power; Blue Diamond picks 7% stake
In less than two weeks after Tube Investments announced a Rs 700-crore deal to take control of CG Power and Industrial Solutions, the company has seen a reshuffle at the minority shareholding level.
Existing investors KKR, YES Bank and L&T Finance have sold a part of their stake in the open market while new investors like Blue Diamond Properties have stepped in.
According to data shared with the exchanges, Blue Diamond Properties bought 6.6 per cent stake in CG Power from the open market on Monday.
Another investor, Singularity Holdings, also acquired 0.6 per cent in the firm the same day.
