CG Power lenders agree for loan restructuring, pave way for Murugappa takeover ...Middle East

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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 Rs 2,161 crore, out of which a consortium of 14 banks have taken a haircut of Rs 1,100 crore and restructured the remaining.

Hence then, the article about cg power lenders agree for loan restructuring pave way for murugappa takeover was published today ( Sunday 22/11/2020 - 09:15 AM ) and is available on Devdiscourse ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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Last updated : 22 Nov 2020 clock 09:15 AM

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CG Power lenders agree for loan restructuring, pave way for Murugappa takeover ...Middle East

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