Business Companies 13 May 2017 GMR Infra to sell st ...

GMR Infra to sell stakes in Indonesian coal mining entities

Published May 13, 2017, 11:00 am IST
Updated May 13, 2017, 11:00 am IST
Photo: Youtube scrteengrab)
 Photo: Youtube scrteengrab)

New Delhi: GMR Infrastructure today 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 100 per cent 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.

Location: India, Delhi, New Delhi


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