India: Tenaga deal positive for GMR, but investors ain’t biting

India: Tenaga deal positive for GMR, but investors ain’t biting

Photo: Mint

GMR Infrastructure Ltd has struck quite a nifty deal with Malaysian utility firm Tenaga Nasional Bhd. The latter will pick up a 30% stake in GMR’s energy subsidiary for Rs.2,000 crore. GMR will gain in at least two ways from this deal.

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