CG Power Stock Rises 1.30% on Tosil Systems Acquisition
By ThePip Desk
CG Power’s stock gains 1.30% on the BSE after its subsidiary Axiro Semiconductor completes the Rs 16.44 crore acquisition of Tosil Systems, making it a wholly owned subsidiary.
CG Power and Industrial Solutions saw its stock climb by 1.30% on the BSE, trading at Rs. 874.15, following its subsidiary’s completion of a strategic acquisition.
The market responded to the news that Axiro Semiconductor, a wholly owned arm of CG Power, finalized the acquisition of 100% of Tosil Systems’ equity share capital for a consideration of Rs 16.44 crore.
Key Market Metrics for CG Power
- Current Trading Price: Rs. 874.15
- Gain: 11.25 points or 1.30%
- Previous Close (BSE): Rs. 862.90
- Opened At: Rs. 869.30
- Day’s High: Rs. 875.10
- Day’s Low: Rs. 863.05
- Shares Traded: 43320
The acquisition involved 5,00,000 equity shares of Tosil Systems, each with a face value of Rs 10. This transaction officially designates Tosil Systems as a wholly owned subsidiary of Axiro, adhering to Section 2(87) of the Companies Act, 2013.
Broader Stock Performance and Ownership
- 52-Week High: Rs. 981.15 (02-Jul-2026)
- 52-Week Low: Rs. 525.50 (27-Jan-2026)
- Last Week High: Rs. 900.00
- Last Week Low: Rs. 860.20
- Current Market Capitalization: Rs. 137339.86 crore
The company’s ownership structure shows promoters holding 56.36%, while institutions account for 30.26% and non-institutions hold 13.38% of the stake.
CG Power and Industrial Solutions operates as an engineering conglomerate, offering a diverse array of products, solutions, and services across power and industrial equipment sectors.