{"id":297035,"date":"2019-10-19T12:10:08","date_gmt":"2019-10-19T06:40:08","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=297035"},"modified":"2019-10-19T12:10:08","modified_gmt":"2019-10-19T06:40:08","slug":"gautam-thapar-may-not-be-able-to-regain-cg-power-control","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gautam-thapar-may-not-be-able-to-regain-cg-power-control\/","title":{"rendered":"Gautam Thapar may not be able to regain CG Power control"},"content":{"rendered":"<p>MUMBAI: Gautam Thapar\u2019s efforts to wrest back control of his group company CG Power and Industrials by buying back pledged shares are likely to hit a wall.<\/p>\n<p>Lenders including KKR and Yes BankNSE 8.44 % have converted the pledged shares into equity, making a share transfer impossible, said people with knowledge of the development.<\/p>\n<p>Larsen &amp; Toubro\u2019s 10% stake, which is held in a trust, cannot be bought by Thapar because the Securities and Exchange Board of India has barred the promoter and his entities from engaging in equity transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Gautam Thapar\u2019s efforts to wrest back control of his group company CG Power and Industrials by buying back pledged shares are likely to hit a wall. Lenders including KKR and Yes BankNSE 8.44 % have converted the pledged shares into equity, making a share transfer impossible, said people with knowledge of the development. Larsen &amp; Toubro\u2019s 10% stake, which is held in a trust, cannot be bought by Thapar because the Securities and Exchange Board of India has barred the promoter and his entities from engaging in equity transactions.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-297035","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297035","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=297035"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/297035\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=297035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=297035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=297035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}