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Will Restructuring At CG Power Ever Be Done?
CG Power is undergoing another round of restructuring. Will it work?
01 Apr 2019, 01:20 PM IST
CG Power and Industrial Solutions Ltd. restructured its business multiple times in the last six years, selling several of its assets including the crown jewel consumer appliances unit. But it continues to struggle with high debt. Yet, the maker of power transformers is now doing more of the same.The company, which contributes 65 percent of the sales of Gautham Thapar-founded Avantha Group, will reorganise some of the overseas subsidi...
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