GMR enters into pact for Indonesian coal mining

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.