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Murugappa Group to pick up a larger controlling stake in CG Power

By Joseph Rai

  • 02 Sep 2020
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Murugappa Group to pick up a larger controlling stake in CG Power
Credit: Thinkstock

Murugappa Group company Tube Investments of India Ltd has proposed to inject more capital into fraud-hit CG Power & Industrial Solutions Ltd after agreeing to take control of the electrical equipment maker last month. Tube Investments will infuse an additional Rs 100 crore ($13.7 million) in CG Power by subscribing to ......

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