GMR Energy allots 30% stake to Tenaga Nasional Berhad, Malaysia
GMR Infrastructure's subsidiary GMR Energy announced allotment of 30% stake to Tenaga Nasional Berhad (TNB), Malaysia for a cash consideration of USD 300 million (Rs 2000 crore), implying an equity value of USD 1 billion (Rs 6665 crore). GMR Energy and TNB has announced this strategic partnership in May 2016 and the allotment of shares marks the completion of this transaction.Powered by Capital Market - Live News
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