Business Standard

Saturday, January 18, 2025 | 11:11 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

GMR Coal Resources receives USD 420 mn for divestment of 30% stake in PT GEMS

Image

Capital Market
GMR Power & Urban Infra announced that pursuant to the definitive agreements entered into by GMR Coal Resources (GCRPL) a step down subsidiary of the Company with PT Radhika Jananta Raya, a subsidiary of PT ABM Investama Tbk (ABM), for the divestment of its 30% equity stake in PT Golden Energy Mines Tbk (PT GEMS), GCRPL has received the initial consideration of USD 420 mn.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 16 2022 | 2:49 PM IST

Explore News