{"id":299424,"date":"2019-11-05T10:40:21","date_gmt":"2019-11-05T05:10:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=299424"},"modified":"2019-11-05T10:56:10","modified_gmt":"2019-11-05T05:26:10","slug":"lt-finance-transfers-9-9-cg-power-stake-valued-rs-87-5-cr-to-itself","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-finance-transfers-9-9-cg-power-stake-valued-rs-87-5-cr-to-itself\/","title":{"rendered":"L&amp;T Finance transfers 9.9% CG Power stake, valued Rs 87.5 cr, to itself"},"content":{"rendered":"<p>L&amp;T Finance on Monday bought a 9.9 per cent stake in CG Power and Industrial Solutions (CG Power) from Vistra ITCL, which was earlier acting as the trustee for L&amp;T Finance shares in the company. <\/p>\n<p>The 9.99 per cent CG Power stake purchased by L&amp;T Finance was valued at Rs 87.5 crore, according to bulk deal data available with exchanges. <\/p>\n<p>\u201cShares were held by Vistra, as trustees for L&amp;T Finance. L&amp;T Finance has transferred them unto itself from Vistra, which were hitherto held as collateral,\u201d a spokesperson for L&amp;T Finance said in response to an email query. <\/p>\n<p>In September, KKR bought a 10.01 per cent stake in CG Power in a similar transaction. KKR India Debt Opportunities Fund II and KKR India Financial Services bought that stake in CG Power from Vistra ITCL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>L&amp;T Finance on Monday bought a 9.9 per cent stake in CG Power and Industrial Solutions (CG Power) from Vistra ITCL, which was earlier acting as the trustee for L&amp;T Finance shares in the company. The 9.99 per cent CG Power stake purchased by L&amp;T Finance was valued at Rs 87.5 crore, according to bulk deal data available with exchanges. \u201cShares were held by Vistra, as trustees for L&amp;T Finance. L&amp;T Finance has transferred them unto itself from Vistra, which were hitherto held as collateral,\u201d a spokesperson for L&amp;T Finance said in response to an email query. In September, KKR [&hellip;]<\/p>\n","protected":false},"author":40,"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-299424","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\/299424","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=299424"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/299424\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=299424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=299424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=299424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}