CG Power and Industrial Solutions Limited (NSEI:CGPOWER) signed a letter of intent to acquire 90% stake in BTW-Atlanta Transformers India Private Limited from Baoding Tianwei Baobian Electric Co.,Ltd. (SHSE:600550) for INR 1.6 billion on February 14, 2025. A cash consideration of INR 1.65 billion will be paid by CG Power and Industrial Solutions Limited. As part of consideration, INR 1.65 billion is paid towards common equity of BTW-Atlanta Transformers India Private Limited.