{"id":371062,"date":"2020-09-01T11:51:46","date_gmt":"2020-09-01T06:21:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=371062"},"modified":"2020-09-01T11:51:46","modified_gmt":"2020-09-01T06:21:46","slug":"cg-power-lenders-approve-tube-investments-rs-700-crore-bid","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cg-power-lenders-approve-tube-investments-rs-700-crore-bid\/","title":{"rendered":"CG Power lenders approve Tube Investment\u2019s Rs 700-crore bid"},"content":{"rendered":"<p>The lenders of CG Power and Industrial Solutions have approved `705-crore bid of Murugappa group\u2019s Tube Investments, sources close to development told FE. \u201cNo other suitor could outbid Tube Investment\u2019s offer during the Swiss Challenge, so we have approved the resolution plan of existing bidder,\u201d the source added. CG Power has a total outstanding debt of Rs 3,024 crore as on June 30, 2020. The lead creditors include State Bank of India (SBI), Axis Bank, Yes Bank, IndusInd Bank and Bank of India, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The lenders of CG Power and Industrial Solutions have approved `705-crore bid of Murugappa group\u2019s Tube Investments, sources close to development told FE. \u201cNo other suitor could outbid Tube Investment\u2019s offer during the Swiss Challenge, so we have approved the resolution plan of existing bidder,\u201d the source added. CG Power has a total outstanding debt of Rs 3,024 crore as on June 30, 2020. The lead creditors include State Bank of India (SBI), Axis Bank, Yes Bank, IndusInd Bank and Bank of India, among others.<\/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-371062","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\/371062","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=371062"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371062\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=371062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=371062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=371062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}