India: CG Power mulls sale of non-core assets to raise fresh equity

India: CG Power mulls sale of non-core assets to raise fresh equity

Gautam Thapar, chairman, CG Power and Industrial Solutions

The board of Gautam Thapar-promoted CG Power and Industrial Solutions Ltd is considering selling non-core assets and exploring various fundraising avenues to deleverage the company and optimize its operations, the company said in a filing to stock exchanges on Tuesday.