Gautam Thapar

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.