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CG Power & Industrial Solutions Ltd announced it will be unable to consummate the transaction to purchase 90% equity shares of BTW-Atlanta Transformers India Pvt Ltd from Baoding Tianwei Baobian Electric Co. Ltd, as the minority shareholder exercised its right of first refusal.
“CG said that it will be unable to consummate the transaction to purchase share of BTW-Atlanta Transformers India Pvt Ltd from BTW India’s majority shareholder.”tndindia.com
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