{"id":289092,"date":"2019-08-28T05:47:20","date_gmt":"2019-08-28T05:47:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=289092"},"modified":"2019-08-28T05:47:20","modified_gmt":"2019-08-28T05:47:20","slug":"cg-power-may-raise-funds-through-equity-route-sell-non-core-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cg-power-may-raise-funds-through-equity-route-sell-non-core-assets\/","title":{"rendered":"CG Power may raise funds through equity route, sell non-core assets"},"content":{"rendered":"<p>A week after it first reported an employee-led fraud, CG Power is now looking to put its house in order.<\/p>\n<p>The revival plan includes an equity-based fund raising, seeking lender support and sale of non-core assets.<\/p>\n<p>The new plan has been put in place after the company\u2019s disclosure last week which said its liabilities, advances and net worth are under-stated. \u201cKey initiatives will include considering other fund-raising avenues, including a potential equity raising for bridging the cash flow gaps as well as working capital requirement to avoid any business disruption,\u201d CG Power said in an analysts\u2019 presentation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A week after it first reported an employee-led fraud, CG Power is now looking to put its house in order. The revival plan includes an equity-based fund raising, seeking lender support and sale of non-core assets. The new plan has been put in place after the company\u2019s disclosure last week which said its liabilities, advances and net worth are under-stated. \u201cKey initiatives will include considering other fund-raising avenues, including a potential equity raising for bridging the cash flow gaps as well as working capital requirement to avoid any business disruption,\u201d CG Power said in an analysts\u2019 presentation.<\/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":[135,130,232],"tags":[],"class_list":["post-289092","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289092","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=289092"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289092\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=289092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=289092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=289092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}