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CG Power and Industrial Solutions is currently trading at Rs. 722.50, up by 3.70 points or 0.51% from its previous closing of Rs. 718.80 on the BSE.

The scrip opened at Rs. 718.75 and has touched a high and low of Rs. 735.00 and Rs. 717.85 respectively. So far 64936 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 814.35 on 25-Sep-2024 and a 52 week low of Rs. 359.40 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 772.50 and Rs. 715.60 respectively. The current market cap of the company is Rs. 110716.04 crore.

The promoters holding in the company stood at 58.09%, while Institutions and Non-Institutions held 25.72% and 16.19% respectively.

CG Power and Industrial Solutions (CG) has entered into a definitive agreement for the acquisition of the Radio Frequency (RF) components business of Renesas Electronics Corporation (Renesas), a premier supplier of advanced semiconductor solutions. Towards this, an asset purchase agreement for the business was executed on October 04, 2024 between CG Power and Industrial Solutions and Renesas Electronics America Inc., a subsidiary of Renesas, and other affiliated entities of Renesas, that have assets in the RF components business. The said business will be acquired by entities that will be established by CG, post completion of customary conditions and applicable regulatory approvals.

Through this transaction, CG will acquire Intellectual Property (IP), tangible assets and select transferring employees across various functions such as semiconductor design, marketing, applications, etc. related to the RF components business.

CG Power and Industrial Solutions (formerly Crompton Greaves) is a global pioneering leader in the management and application of electrical energy.