{"id":390846,"date":"2020-12-22T10:38:56","date_gmt":"2020-12-22T05:08:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=390846"},"modified":"2020-12-22T11:54:30","modified_gmt":"2020-12-22T06:24:30","slug":"tube-executes-guarantee-agreement-for-loan-of-rs-1365-crore-taken-by-cg-power-from-sbi","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tube-executes-guarantee-agreement-for-loan-of-rs-1365-crore-taken-by-cg-power-from-sbi\/","title":{"rendered":"Tube executes guarantee agreement for loan of Rs 1,365 crore taken by CG Power from SBI"},"content":{"rendered":"<p>Tube Investments of India (TII), the new owner of CG Power and Industrial Solutions, executed a guarantee agreement in favour of State Bank India (SBI) and SBICAP Trustee Company, in respect of the borrowings availed by the latter for an aggregate amount of Rs 1,365 crore. <\/p>\n<p>This follows TII board of directors\u2019 approval for providing guarantees by the company in favour of the lenders of CG Power and the subsequent nod of the shareholders obtained at the extraordinary general meeting on November 30. <\/p>\n<p>TII said that though CG Power is going through a financial crunch at present, it has a robust business model and, with the support of steady credit lines as being firmed up presently.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tube Investments of India (TII), the new owner of CG Power and Industrial Solutions, executed a guarantee agreement in favour of State Bank India (SBI) and SBICAP Trustee Company, in respect of the borrowings availed by the latter for an aggregate amount of Rs 1,365 crore. This follows TII board of directors\u2019 approval for providing guarantees by the company in favour of the lenders of CG Power and the subsequent nod of the shareholders obtained at the extraordinary general meeting on November 30. TII said that though CG Power is going through a financial crunch at present, it has a [&hellip;]<\/p>\n","protected":false},"author":40,"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-390846","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\/390846","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=390846"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390846\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=390846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=390846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=390846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}