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GMR Infrastructure Ltd (GMRI.NS)

GMRI.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Gmr Infrastructure "completely denies sale of controlling stake in Hyderabad airport"
Friday, 17 Jun 2016 12:48am EDT 

GMR Infrastructure Ltd : Completely denies sale of controlling stake in hyderabad airport" .  Full Article

GMR led consortium bags 221 km of eastern dedicated freight corridor project
Tuesday, 7 Jun 2016 06:20am EDT 

GMR Infrastructure Ltd : Project worth inr 22.81 billion, funded by world bank .GMR led consortium bags 221 km of eastern dedicated freight corridor project.  Full Article

Tenaga Nasional says proposed $300 mln share subscription in GMR Energy to be EPS accretive by FY 2018
Monday, 9 May 2016 05:52am EDT 

Tenaga Nasional Bhd : Proposed subscription is expected to be EPS accretive to TNB by financial year 2018 .Announcement refers to proposed subscription of 1.09 billion equity shares in GMR Energy for $300 million.  Full Article

Gmr Infrastructure announces strategic investment of $300 mln from Tenaga Nasional Berhad
Monday, 9 May 2016 05:13am EDT 

GMR Infrastructure Ltd : Announces strategic investment of USD 300 mn from Tenaga Nasional berhad, Malaysia into GMR Energy Ltd . Tenaga Nasional berhad picks up 30% equity stake in GMR energy's select portfolio of assets . The funds invested would primarily be utilised for repayment of corporate debt. . Gel will manage a balanced portfolio of coal based, gas based and renewable power projects having a total capacity of 4,630 mw . Portfolio would have an operating capacity of 2,300 mw and pipeline capacity of 2,330 mw . Tenaga has the right to invest in chhattisgarh and other assets at any time within the next five years . Moelis & company acted as the financial advisor to gel . For tnb, Credit Suisse ag acted as the transaction advisor .  Full Article

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