Chinese conglomerate Jiangsu Longzhe is reportedly all set to buy majority stake in Diamond Power Infrastructure for around Rs 840 crore or $125 million. In this regard, the banks had invoked the strategic debt restructuring (SDR) clause last week, which will help them in acquiring control of the company.
Jiangsu Longzhe is likely to invest in $25 million as equity; the remaining $100 million will be infused as debt. Initially, the Chinese company would buy 26% from lenders and will increase stake to 51% though an open offer to public subsequently.
Diamond Power Infrastructure is engaged in five business verticals--cables (low, high and extra high voltage), conductors, transformers, towers and various EPC projects-- where it undertakes planning, designing and commissioning of turnkey transmission and distribution projects.
| Company Name | CMP |
|---|---|
| Polycab India | 7546.95 |
| KEI Industries | 4459.25 |
| RR Kabel Ltd. | 1368.90 |
| Finolex Cables | 847.15 |
| Precision Wire India | 341.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: