{"id":303559,"date":"2019-11-30T10:49:55","date_gmt":"2019-11-30T05:19:55","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=303559"},"modified":"2019-11-30T10:49:55","modified_gmt":"2019-11-30T05:19:55","slug":"cg-power-scraps-royalty-pact-with-avantha-holdings","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cg-power-scraps-royalty-pact-with-avantha-holdings\/","title":{"rendered":"CG Power scraps royalty pact with Avantha Holdings"},"content":{"rendered":"<p>CG Power and Industrial Solution (CGPL) has scrapped its Rs 411.2-crore royalty agreement with Avantha Holdings (AHL) that was partially used to settle the outstanding dues from AHL, the company said in a statement.<\/p>\n<p>\u201cThe company has intimated AHL of rescinding the royalty agreement and consequently does not have any liability towards payment of brand royalty including the monetisation proposal,\u201d CG Power said in a statement. As per the royalty agreement, a 50% brand loyalty was to be paid by CG Power to AHL in perpetuity aggregating to Rs 411.2 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CG Power and Industrial Solution (CGPL) has scrapped its Rs 411.2-crore royalty agreement with Avantha Holdings (AHL) that was partially used to settle the outstanding dues from AHL, the company said in a statement. \u201cThe company has intimated AHL of rescinding the royalty agreement and consequently does not have any liability towards payment of brand royalty including the monetisation proposal,\u201d CG Power said in a statement. As per the royalty agreement, a 50% brand loyalty was to be paid by CG Power to AHL in perpetuity aggregating to Rs 411.2 crore.<\/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":[130,240,138],"tags":[],"class_list":["post-303559","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303559","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=303559"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303559\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=303559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=303559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=303559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}