Temasek-led cosortium to invest Rs 1,136 crore in GMR Infra

Feb 22 2014, 05:54 IST
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SummaryGMR Infrastructure on Friday said a consortium of investors led by Temasek of Singapore and IDFC...

GMR Infrastructure on Friday said a consortium of investors led by Temasek of Singapore and IDFC Alternatives have agreed to infuse up to R1,136 crore on preferential allotment of compulsorily convertible preference shares (CCPS), reports fe Bureau in Bangalore. This would be after reworking an agreement on the consortiumís existing investment in

its energy subsidiary,

GMR Energy. ďThese investors had invested Rs 1,395 crore in CCPS in GMR Energy in 2010. The GMR Group and the investors have now agreed to restructure the terms taking into account the interest of both the parties,Ē the company

said in a statement.

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