# CG Power to acquire 90% stake in BTW-Atlanta Transformers India for INR 1.6B

CG Power and Industrial Solutions Limited signed a letter of intent to acquire a 90% stake in BTW-Atlanta Transformers India Private Limited from Baoding Tianwei Baobian Electric Co., Ltd. for INR 1.6 billion (approximately USD 19.2 million).

- Type: Acquisition
- Announced: 2025-02-14
- Where: India
- Value: $19.2M (1.60B INR)
- Status: announced
- Products: transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [CG Power and Industrial Solutions](https://endata.com/companies/16858.md) (acquirer)
- [Baoding Tianwei Baobian Electric Co., Ltd.](https://endata.com/companies/19634.md) (partner)
- [BTW-Atlanta Transformers India Private Limited](https://endata.com/companies/82947.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/CG-POWER-AND-INDUSTRIAL-S-9058926/news/CG-Power-and-Industrial-Solutions-Limited-signed-a-letter-of-intent-to-acquire-90-stake-in-BTW-Atla-49073521/), 2025-02-13: "CG Power and Industrial Solutions Limited signed a letter of intent to acquire 90% stake in BTW-Atlanta Transformers India Private Limited"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.