{"id":378567,"date":"2020-10-15T11:42:18","date_gmt":"2020-10-15T06:12:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=378567"},"modified":"2020-10-15T11:42:18","modified_gmt":"2020-10-15T06:12:18","slug":"cci-approves-cg-power-acquisition-by-tube-investments","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cci-approves-cg-power-acquisition-by-tube-investments\/","title":{"rendered":"CCI approves CG Power acquisition by Tube Investments"},"content":{"rendered":"<p>Fair trade watchdog Competition Commission of India (CCI) has approved the proposed acquisition of shares in troubled CG Power and Industrial Solutions by Chennai-based Tube Investments India (TII), a subsidiary company of Rs 38,000-crore Murugappa Group.<\/p>\n<p>TII and CG Power had entered into a securities subscription agreement on August 7, 2020 for acquiring a controlling stake in the latter through a combination of investment of around Rs 550 crore for primary subscription to the equity shares and investment of around Rs 150 crore for primary subscription of warrants.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fair trade watchdog Competition Commission of India (CCI) has approved the proposed acquisition of shares in troubled CG Power and Industrial Solutions by Chennai-based Tube Investments India (TII), a subsidiary company of Rs 38,000-crore Murugappa Group. TII and CG Power had entered into a securities subscription agreement on August 7, 2020 for acquiring a controlling stake in the latter through a combination of investment of around Rs 550 crore for primary subscription to the equity shares and investment of around Rs 150 crore for primary subscription of warrants.<\/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-378567","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\/378567","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=378567"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378567\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=378567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=378567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=378567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}