{"id":343068,"date":"2020-03-24T09:28:58","date_gmt":"2020-03-24T03:58:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=343068"},"modified":"2020-03-24T09:28:58","modified_gmt":"2020-03-24T03:58:58","slug":"tvs-special-situation-funds-in-talks-to-infuse-rs-500-crore-in-cg-power","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tvs-special-situation-funds-in-talks-to-infuse-rs-500-crore-in-cg-power\/","title":{"rendered":"TVS, special situation funds in talks to infuse Rs 500 crore in CG Power"},"content":{"rendered":"<p>Mumbai: TVSNSE 2.07 % Group and a bunch of special situation investors, including AION Capital, India Resurgence Fund (a consortium of Bain Capital and Pirmal Group) and SSG Capital Management are in preliminary talks with CG Power and Industrial Solutions to put Rs 500 crore fresh equity into the company.<\/p>\n<p>The company has mandated SBI Capital Markets and Arpwood Capital to run a formal process for fund infusion in the company. If successful, the transaction will also be followed by an additional infusion of working capital credit from the lenders and may help put the fraud-hit company back on its feet, multiple sources with knowledge of the matter said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: TVSNSE 2.07 % Group and a bunch of special situation investors, including AION Capital, India Resurgence Fund (a consortium of Bain Capital and Pirmal Group) and SSG Capital Management are in preliminary talks with CG Power and Industrial Solutions to put Rs 500 crore fresh equity into the company. The company has mandated SBI Capital Markets and Arpwood Capital to run a formal process for fund infusion in the company. If successful, the transaction will also be followed by an additional infusion of working capital credit from the lenders and may help put the fraud-hit company back on its [&hellip;]<\/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-343068","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\/343068","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=343068"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343068\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=343068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=343068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=343068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}