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GMR Infra divests 20% stake in power unit

GMR Infra divests 20% stake in power unit
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First Published: Thu, Oct 01 2009. 07 21 PM IST
Updated: Thu, Oct 01 2009. 07 21 PM IST
Mumbai: GMR Infrastructure Ltd said on Thursday its unlisted unit, GMR Kamalanga Energy, would divest 20% equity.
The 20% stake in GMR Kamalanga, which is developing 1,050 MW coal-based power plant in eastern state of Orissa, would be divested to India Infrastructure Fund and Infrastucture Development Finance Company Ltd, a statement said.
The company did not provide any financial details of the deal.
Shares GMR Infra ended up 2.18% in a flat stock market.
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First Published: Thu, Oct 01 2009. 07 21 PM IST