HomeNewsBusinessMarketsCG Power QIP sees bids worth Rs 10,000 crore pour in; MFs, insurance, long-only FPIs biggest bidders

CG Power QIP sees bids worth Rs 10,000 crore pour in; MFs, insurance, long-only FPIs biggest bidders

Amongst mutual funds, Axis MF, Aditya Birla MF, WhiteOak Capital MF, and HDFC MF have put in significant sized bids with insurance majors like SBI Life Insurance and HDFC Life Insurance also participating in the QIP in a big way.

The QIP was done at a price of approximately Rs 660, which is nearly 3.25% lower than Monday's closing price.

Ashish Rukhaiyar

first published: Jul 1, 2025 03:39 pm

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CG Power QIP sees bids worth Rs 10,000 crore pour in; MFs, insurance, long-only FPIs biggest bidders

Amongst mutual funds, Axis MF, Aditya Birla MF, WhiteOak Capital MF, and HDFC MF have put in significant sized bids with insurance majors like SBI Life Insurance and HDFC Life Insurance also participating in the QIP in a big way.

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