PE investors trade in GMR Energy shares for infra exposure
A consortium of investors led by IDFC Alternatives and Temasek Holdings have agreed to restructure their investments in India's GMR Energy (GMRE) by purchasing INR11.4 billion ($183 million) in convertible preference shares in GMR Infrastructure (GMRI).
GMRI is a flagship company of industrial conglomerate GMR Group and parent of GMRE. It will issue INR7.9 billion and INR3.5 billion in shares to the Singapore sovereign wealth fund and the IDFC consortium,...
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