# CG Power's plan to acquire BTW India faces setback

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.

- Type: Acquisition
- Announced: 2025-05-08
- Where: Bharuch, Gujarat, India
- Value: $19.8M (1.65B INR)
- Status: cancelled
- Capacity: 12,000 MVA
- Products: transformers, reactors
- 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)
- [Atlanta UHV Transformers LLP](https://endata.com/companies/84615.md) (partner)

## Sources

- [tndindia.com](https://www.tndindia.com/cgs-plan-to-acquire-btw-india-faces-setback/), 2025-05-08: "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."

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