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CG Power: How a EUR 44 million loan from StanChart put Murugappas’s CG Power between Sebi and a tough place

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CG force Indusind bank How a USD 40 million
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When Dewan Bahadur AM Murugappa Chettiar began his quest for fortune in the southern Burmese town of Moulmein in the early 1900s, Karam Chand Thapar (KCT) was still a toddler in Ludhiana. Chettiar’s empire grew far and wide between the two world wars, diversifying both sectorally and geographically into rubber plantations, textiles and insurance in Malaya and Vietnam. Meanwhile, KCT found black gold in the coalfields of Bengal and Bihar

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The post CG Power: How a EUR 44 million loan from StanChart put Murugappas’s CG Power between Sebi and a tough place appeared first on Notesradar.

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