{"id":385619,"date":"2020-11-23T10:26:20","date_gmt":"2020-11-23T04:56:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=385619"},"modified":"2020-11-23T10:26:20","modified_gmt":"2020-11-23T04:56:20","slug":"cg-power-lenders-agree-for-loan-restructuring-pave-way-for-murugappa-takeover","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cg-power-lenders-agree-for-loan-restructuring-pave-way-for-murugappa-takeover\/","title":{"rendered":"CG Power lenders agree for loan restructuring, pave way for Murugappa takeover"},"content":{"rendered":"<p>NEW DELHI : Lenders to CG Power and Industrial Solutions have agreed to a one-time loan restructuring to pave way for the Chennai-based Murugappa Group taking over the scam-hit equipment maker.<\/p>\n<p>CG Power had total debt of \u20b92,161 crore, out of which a consortium of 14 banks have taken a haircut of \u20b91,100 crore and restructured the remaining.<\/p>\n<p>In separate but almost identical stock exchange filings, CG Power and Murugappa Group firm Tube Investments of India Ltd (TIIL), said lenders have accepted one-time settlement and restructuring of debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : Lenders to CG Power and Industrial Solutions have agreed to a one-time loan restructuring to pave way for the Chennai-based Murugappa Group taking over the scam-hit equipment maker. CG Power had total debt of \u20b92,161 crore, out of which a consortium of 14 banks have taken a haircut of \u20b91,100 crore and restructured the remaining. In separate but almost identical stock exchange filings, CG Power and Murugappa Group firm Tube Investments of India Ltd (TIIL), said lenders have accepted one-time settlement and restructuring of debt.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-385619","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385619","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=385619"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385619\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=385619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=385619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=385619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}