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CG Power & Industrial Solutions Ltd ( (IN:CGPOWER) ) has issued an update.
CG Power & Industrial Solutions Ltd has allotted 15,500 equity shares of face value Rs 2 each under its Employee Stock Option Plan 2021, at an exercise price of Rs 595.45 per share to an eligible employee. The newly issued shares will rank pari passu with existing equity shares, marginally increasing the company’s paid-up equity share capital and reflecting ongoing use of stock options as part of its employee compensation strategy.
More about CG Power & Industrial Solutions Ltd
CG Power & Industrial Solutions Ltd is an Indian electrical equipment and industrial solutions company, offering products such as power systems and industrial machinery. The company focuses on serving power, industrial, and infrastructure sectors, positioning itself as a key player in electrical and power systems markets in India and abroad.
Average Trading Volume: 306,566
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1177B INR
For detailed information about CGPOWER stock, go to TipRanks’ Stock Analysis page.