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Business Companies 13 May 2017 GMR enters into pact for Indonesian coal mining

Business, Companies

GMR enters into pact for Indonesian coal mining

PTI

Published : May 13, 2017, 11:03 am IST

Updated : May 13, 2017, 11:03 am IST

The pact is for selling 100 per cent stake, according to a regulatory filing.

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.

Tags: gmr infrastructure, gmr energy netherlands bv, gmr infrastructure overseas ltd

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