GMR Energy sells stake to Adani Transmission Updated On Sat, Jul 2nd, 2016 by Saurenergy GMR Energy Limited (GEL) has entered into definitive agreements with Adani Transmission Limited (ATL) to sell its 74% stake in Maru Transmission Services Limited (MTSL) and 49% stake in Aravali Transmission Services Limited (ATSL). Currently the stakes in MTSL and in ATSL shall be transferred to ATL with an option to acquire the balance stakes […] Read more
TNB picks up 30% equity stake in GMR Energy’s select portfolio of assets Updated On Tue, May 10th, 2016 by Saurenergy Malaysian power utility,Tenaga Nasional Berhad (“TNB”) has announced its entry into Indian power sector after signing a Subscription Agreement (“SA”) and Shareholders Agreement (“SHA”) with GMR Energy Limited (“GEL”). The Management Committee of GMR Infrastructure Limited (GIL) approved the proposed primary capital investment by Tenaga Nasional Berhad (Tenaga) in GMR Energy Limited (GEL). The investment […] Read more
