Recent Highlights
All Stories for Gautam Thapar
CG Power imbroglio: Gautam Thapar cites board approvals; rejects allegations of fund misuse amid governance lapses
• 5 years agoCurrently, 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
• 5 years agoIn 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
• 5 years agoSEBI 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
• 5 years agoCG 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
Fp Staff • 6 years agoGautam 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
Fp Staff • 6 years agoThe 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
• 6 years agoSEBI 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
• 6 years agoInvestors 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
• 6 years agoCG 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
Fp Staff • 6 years agoLast 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.