Business Standard

GMR Infrastructure enters into agreement for divestment of its Indonesian coal mining entities

Image

Capital Market

To PT Energy Mines Tbk, Indonesia

GMR Infrastructure announced that its subsidiaries GMR Energy Netherlands BV. and GMR Infrastructure Overseas have entered into conditional share purchase agreement with PT Golden Energy Mines Tbk, Indonesia for sale of 100% equity shareholding and also Mandatory Convertible Bonds in PT Dwikarya Sejati Utama, PT Duta Surana Internusa, PT Unsoco and PT Barasentosa Lestari. This agreement is subject to statutory approvals.

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: May 12 2017 | 7:55 PM IST

Explore News