Tube Investments strikes gold with CG Power and Vistara puzzle in Tatas’ AI deal

Furquan here. I hope the year has begun well for you. It surely has for Tube Investments. Just take a look at how its fortunes have soared with the acquisition of CG Power. But there’s a question mark. Just like the one hovering over Vistara, which got a new CEO on 1 January. Read on. 

Fortune favours the brave

A stroke of luck or a well-planned strategy. One doesn’t know what led Tube Investments of India Limited—part of the Chennai-based Murugappa Group—to acquire CG Power in 2020, but the company has surely struck gold. 

CG Power’s lenders, including State Bank …

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Prince M. Thomas

Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.

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Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

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furquan@mailtmc.com

Delhi