GMR Infra shares rise on Singapore unit stake sale

GMR Infra shares rise on Singapore unit stake sale

Mumbai: Shares in India’s GMR Infrastructure opened up more than 2% on Tuesday, after the firm agreed to sell a 30% stake in its unit GMR Energy (Singapore) Pte Ltd to Petronas International Corp, a unit of Malaysian state-run oil firm Petronas.

The company did not provide financial details of the deal.

The company’s shares, which rose more than 3% to a high of Rs27.75, was up at 2.23% at 9.27 am.

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