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.
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