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Corporate Restructuring: Rational Move
We positively view the corporate restructuring at KLG. As the power system business of the company need special attention with greater urgency. Further the entry of the TPG group will provide the necessary push to the power system product developed by the company in the overseas markets. With help of TPG the company
is planning to take its Power Business to overseas markets. TPG will invest US $50 million through compulsorily convertible debentures in the subsidiary, KLG Power, where KLG Systel holds 99% equity stake….