Gautam Thapar News
ED arrests Avantha Group promoter Gautam Thapar in money laundering case
The FIR alleges that Yes Bank co-founder Rana Kapoor obtained illegal gratification in the form of a prime Delhi property at much less than the realisable market value belonging to Avantha Reality Ltd
Yes Bank crisis: CBI books founder Rana Kapoor, wife Bindu and Avantha Realty promoter Gautam Thapar in fresh case
The case relates to the Amrita Shergill bungalow deal and alleged bribe for relaxation in realisation of loans worth over Rs 1,500 crore to Thapar's companies
Relief for Gautam Thapar: NCLT terms Vaish report on CG Power as 'bogus', says it will rely on independent or govt agency report
CG Power's board sacked Thapar after Vaish Associates' audit report, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power
Fraud-hit CG Power shareholders vote for raising Rs 5,000 cr debt, appointment of Sudhir Mathur as director
Fraud-hit CG Power and Industrial Solutions has got shareholders' nod to borrow up to Rs 5,000 crore to meet working capital and other business needs as it looks to spring back from the worst crisis in its history
CG Power imbroglio: Gautam Thapar cites board approvals; rejects allegations of fund misuse amid governance lapses
Currently, Thapar owns just 8,574 shares in CG Power. Some of its large non-promoter shareholders are HDFC Mutual Fund and Aditya Birla Mutual Fund.
PE firms Advent International, Temasek Holdings sell Crompton Greaves shares worth Rs 1,275 cr
In April 2015, Gautam Thapar's Avantha Group sold its entire holding of 34.37 percent in the demerged consumer products business of Crompton Greaves to Advent International and Temasek for Rs 2,000 crore
SEBI asks CG Power to provide audit findings on fraud to ousted chairman Gautam Thapar, others
SEBI had in September debarred Thapar, CG Power's CFO and two other directors from accessing the capital market for their alleged involvement in dubious transactions
Fraud-hit CG Power asks companies linked to promoter Gautam Thapar to return Rs 3,300 cr, starts second phase of investigation
CG Power said a total of Rs 3,018.62 crore was receivable from "various promoter affiliate companies and connected parties".
CG Power's ousted chairman Gautam Thapar making efforts to wrest back control; approaches SEBI, Ministry of Corporate Affairs
Gautam Thapar was sacked as chairman with immediate effect on on 19 August after an investigation unearthed a multi-crore financial scam in the firm
Sunil Mittal's company, other investors may infuse funds in bid to revive scam-hit CG Power & Industrial Solutions
The investors reportedly also asked CG Power to appoint a new management team that has no link with Avantha Group, the report said.
CG Power case: SEBI bans Gautam Thapar, 3 others from capital markets for fund diversion; orders forensic audit
SEBI prima facie noted that the chairman along with certain directors, employees of CG Power and related entities, had perpetrated certain irregularities.
Fraud-hit CG Power chief executive KN Neelkant resigns from subsidiaries amid investors' pressure for his ouster
Investors and lenders want completely new management to run CG Power, for which they believe Neelkant to go, sources said.
CG Power board sacks Gautam Thapar as chairman; investigation unearths multi-crore financial scam; bizman denies wrongdoing
CG Power & Industrial Solutions on Thursday said its board has sacked Gautam Thapar as its chairman with immediate effect after an investigation that unearthed a multi-crore financial scam in the firm
CG Power plans management rejig, ouster of company founder Gautam Thapar on the cards
Last week, investors and lenders of CG Power demanded the removal of tycoon Thapar as the chairman of the company after an investigation unearthed a multi-crore financial scam in the firm.
CG Power and Industrial Solutions shares continue to face heat; tumble another 10%
Shares of CG Power and Industrial Solutions continued to remain locked in the lower circuit for a third consecutive day, tumbling nearly 10 percent on Thursday amid concerns over alleged financial irregularities in the company
CG Power shares slump 20% amid reports of financial irregularities in company; all you need to know
Shares of CG Power and Industrial Solutions on Wednesday slumped 20 percent to touch their lowest trading permissible limit for the second consecutive day
CG Power and Industrial Solutions shares hit lower circuit limit; stock of Yes Bank tumbles over 4%
Shares of CG Power and Industrial Solutions on Wednesday slumped 20 percent to touch their lowest trading permissible limit for the second consecutive day amid alleged financial irregularities in the company
Gautam Thapar's CG Power and Industrial Solutions says major financial lapses and unauthorised transactions found
Gautam Thapar-promoted CG Power and Industrial Solutions Ltd on Tuesday said an investigation by its board found major governance and financial lapses, including advances to related and unrelated parties as well as liabilities of the company and the group potentially being understated by hundreds of crores of rupees