CG Power and Industrial Solutions reported a suspected cybersecurity event affecting its IT systems. The company confirmed that core systems and operations remain unaffected. Internal and external experts are currently investigating to remediate and mitigate the issue.
The announcement followed market hours on the previous day and triggered a market sell-off. Shares of CG Power fell 3.20% following the report. The stock price reached Rs 865.30 during the session. This decline resulted in a market capitalization loss of Rs 4,403.38 crore.