Avantha Group Company
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Bail To Several Employees But Not For Yes Bank Co-Founder In Avantha Group Case
A Delhi Court on Thursday allowed the bail applications moved on behalf of employees of the Avantha Group Companies, who have been arraigned as co-accused in an alleged case of wrongful loss to YES Bank, to the tune of rupees Rs 466.51 crore, registe
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CBI Files Chargesheet Against Yes Bank Ex-CEO In Rs 1,700 Crore Loan Scam
The CBI has filed a chargesheet against former Yes Bank managing director and CEO Rana Kapoor, his wife Bindu and promoter of Avantha Group Company Gautam Thapar in connection with an alleged loan scam of over Rs 1,700 crore, officials said today.
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Avantha Completes Stake Sale Of Crompton Greaves Consumer Electricals
Crompton Greaves Consumer Electricals'(CGCEL) erstwhile promoter Avantha Group on Monday said it has transferred all the shares in the company to complete its stake sale to private equity firms Advent International and Temasek.
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CG Bags Rs 410-Crore Order in Indonesia
Avantha Group Company CG on Thursday said it has bagged an order worth $62 million (around Rs 410 crore) from PT PLN to manufacture and supply power transformers in Indonesia.
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Wife of Avantha Group Founder Cleared in Key Attack Case in UK
A criminal damage case against the wife of India-born billionaire entrepreneur Mr Gautam Thapar, accused of "keying" a neighbour's car over an alleged parking rage incident in the UK has been dropped due to lack of evidence.
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Ballarpur Industries Surges 9% on Divestment Plan
Ballarpur Industries shares surged as much as 9 per cent on Monday after the company's board approved the divestment of its entire equity stake of 98.08 per cent in Malaysian subsidiary Sabah Forest Industries.
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Avantha Group Firm Bags Rs 115-Cr Deal From Power Grid
Avantha Group company CG has bagged an order worth Rs 115 crore from central transmission utility Power Grid Corporation for supply of power equipment.
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Crompton Greaves, Arelis to Make Electronics Components
Both companies also agreed on manufacturing and supply of electrical, electronics and microelectronics components to key Indian aerospace and defence programmes as well as to global OEMs (original equipment manufacturers).
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Avantha Sells 8.3% Stake in Crompton Greaves for Rs 1,000 Crore
After the sale, Avantha Holdings' stake in CG is down to 32.54 per cent from 40.84 per cent.
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KKR to lend $100 million to India's Avantha Group
Global private equity firm KKR & Co LP has agreed to lend about $100 million to India's Avantha Group to help it grow its businesses and improve its capital structure, the Indian company said on Thursday.
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Crompton Greaves Q4 net down 75 per cent at Rs 25 crore
Avantha Group company Crompton Greaves (CG) reported on Friday a dip of about 75 per cent in its consolidated net profit at Rs 25.27 crore for the fourth quarter ended March 31.
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Bail To Several Employees But Not For Yes Bank Co-Founder In Avantha Group Case
A Delhi Court on Thursday allowed the bail applications moved on behalf of employees of the Avantha Group Companies, who have been arraigned as co-accused in an alleged case of wrongful loss to YES Bank, to the tune of rupees Rs 466.51 crore, registe
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CBI Files Chargesheet Against Yes Bank Ex-CEO In Rs 1,700 Crore Loan Scam
The CBI has filed a chargesheet against former Yes Bank managing director and CEO Rana Kapoor, his wife Bindu and promoter of Avantha Group Company Gautam Thapar in connection with an alleged loan scam of over Rs 1,700 crore, officials said today.
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Avantha Completes Stake Sale Of Crompton Greaves Consumer Electricals
Crompton Greaves Consumer Electricals'(CGCEL) erstwhile promoter Avantha Group on Monday said it has transferred all the shares in the company to complete its stake sale to private equity firms Advent International and Temasek.
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CG Bags Rs 410-Crore Order in Indonesia
Avantha Group Company CG on Thursday said it has bagged an order worth $62 million (around Rs 410 crore) from PT PLN to manufacture and supply power transformers in Indonesia.
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Wife of Avantha Group Founder Cleared in Key Attack Case in UK
A criminal damage case against the wife of India-born billionaire entrepreneur Mr Gautam Thapar, accused of "keying" a neighbour's car over an alleged parking rage incident in the UK has been dropped due to lack of evidence.
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Ballarpur Industries Surges 9% on Divestment Plan
Ballarpur Industries shares surged as much as 9 per cent on Monday after the company's board approved the divestment of its entire equity stake of 98.08 per cent in Malaysian subsidiary Sabah Forest Industries.
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Avantha Group Firm Bags Rs 115-Cr Deal From Power Grid
Avantha Group company CG has bagged an order worth Rs 115 crore from central transmission utility Power Grid Corporation for supply of power equipment.
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Crompton Greaves, Arelis to Make Electronics Components
Both companies also agreed on manufacturing and supply of electrical, electronics and microelectronics components to key Indian aerospace and defence programmes as well as to global OEMs (original equipment manufacturers).
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Avantha Sells 8.3% Stake in Crompton Greaves for Rs 1,000 Crore
After the sale, Avantha Holdings' stake in CG is down to 32.54 per cent from 40.84 per cent.
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KKR to lend $100 million to India's Avantha Group
Global private equity firm KKR & Co LP has agreed to lend about $100 million to India's Avantha Group to help it grow its businesses and improve its capital structure, the Indian company said on Thursday.
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Crompton Greaves Q4 net down 75 per cent at Rs 25 crore
Avantha Group company Crompton Greaves (CG) reported on Friday a dip of about 75 per cent in its consolidated net profit at Rs 25.27 crore for the fourth quarter ended March 31.
