Announced
Financials
Tags
Majority
Single Bidder
Domestic
Conventional Electricity
power transmission
power generation
India
Pending
Public
Acquisition
Friendly
Synopsis
Murugappa Group, a business conglomerate, agreed to acquire a 56% stake in CG Power and Industrial Solutions, an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution, for $95m. The takeover follows lenders to CG Power agreeing to a one-time loan restructuring.
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