{"id":289041,"date":"2019-08-28T05:27:12","date_gmt":"2019-08-28T05:27:12","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=289041"},"modified":"2019-08-28T05:27:12","modified_gmt":"2019-08-28T05:27:12","slug":"cg-power-to-sell-non-core-assets-raise-fresh-equity","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cg-power-to-sell-non-core-assets-raise-fresh-equity\/","title":{"rendered":"CG Power to sell non-core assets, raise fresh equity"},"content":{"rendered":"<p>Mumbai: The board of Gautam Thapar-promoted CG Power and Industrial Solutions Ltd is considering selling non-core assets and exploring various fundraising avenues to deleverage the company and optimize its operations, the company said in a filing to stock exchanges on Tuesday.<\/p>\n<p>CG Power\u2019s stock crashed 20%, the maximum permissible daily limit for the stock, on 20 August after its board disclosed that it has found \u201csuspect&#8221; transactions that have led to significant understatement of the company\u2019s liabilities and advances to related and unrelated parties.<\/p>\n<p>CG Power\u2019s stock has crashed 80% since January to \u20b99.05 apiece on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The board of Gautam Thapar-promoted CG Power and Industrial Solutions Ltd is considering selling non-core assets and exploring various fundraising avenues to deleverage the company and optimize its operations, the company said in a filing to stock exchanges on Tuesday. CG Power\u2019s stock crashed 20%, the maximum permissible daily limit for the stock, on 20 August after its board disclosed that it has found \u201csuspect&#8221; transactions that have led to significant understatement of the company\u2019s liabilities and advances to related and unrelated parties. CG Power\u2019s stock has crashed 80% since January to \u20b99.05 apiece on Tuesday.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-289041","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=289041"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289041\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=289041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=289041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=289041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}