BRIEF-GMR Infrastructure Divests Stake In Kakinada SEZ Ltd

  • Reuters
  • Stock Market News
BRIEF-GMR Infrastructure Divests Stake In Kakinada SEZ Ltd

Sept 25 (Reuters) - GMR Infrastructure Ltd GMRI.NS :

* ANNOUNCES DIVESTMENT OF STAKE IN KAKINADA SEZ LTD

* TOTAL CONSIDERATION FOR STAKE SALE, SUB-DEBT IN KSEZ IS 26.1 BILLION RUPEES

* OUT OF TOTAL CONSIDERATION 16 BILLION RUPEES TO BE RECEIVED ON CLOSING DATE

* BALANCE 10.1 BILLION RUPEES OF CONSIDERATION TO BE RECEIVED IN NEXT 2 TO 3 YEARS

* STAKE SALE VIA UNIT TO TO AUROBINDO REALTY AND INFRASTRUCTURE PVT LTD

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