India: GTL to sell energy management business to E2 Energy for $130m

India: GTL to sell energy management business to E2 Energy for $130m

The deal with E2 Energy was delayed due to dispute of unsecured lenders of GTL. Visual from GTL website.

Manoj Tirodkar-controlled network services company GTL Ltd has started the process of securing necessary approvals to sell its operations, maintenance and energy (OME) management business to E2 Energy Services Pvt. Ltd for Rs.850 crore.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter