GMR Infra to sell stakes in Indonesian coal mining entities
Latest News »
- MFIs, SFBs will need Rs11,000 cr funding in FY18 to mitigate demonetization impact: ICRA
- Around 100 brokers under lens for helping shell companies
- Tata Motors’ journey so far’s been tougher than expected, says Guenter Butschek
- Nurturing growth
- Vishal Sikka, as Infosys executive vice-chairman, won’t play active role
New Delhi: GMR Infrastructure on Friday said it has entered into pacts for divesting stakes in its Indonesian coal mining entities.
Two subsidiaries of the company—GMR Energy Netherlands BV and GMR Infrastructure Overseas Ltd—have entered into conditional share purchase agreement with PT Golden Energy Mines Tbk, Indonesia.
The pact is for selling a 100% stake, according to a regulatory filing.
Besides, the company would sell “mandatorily convertible bonds in PT Dwikarya Sejati Utama, PT Duta Surana Internusa, PT Unsoco and PT Barasentosa Lestari,” the filing said.