GMR Power gets initial attention of $420 m from PT ABM Investama TBK

GMR Power gets initial attention of $420 m from PT ABM Investama TBK

by admin- Friday, September 16th, 2022 03:26:54 PM

GMR Power and Urban Infra introduced that pursuant to the definitive agreements entered into by means of GMR Coal Resources Ptd. Ltd. A step down subsidiary of the Company with PT Radhika Jananta Raya, a subsidiary of PT ABM Investama Tbk, for the divestment of its 30% fairness stake in PT Golden Energy Mines Tbk , this is to tell you that upon completion of all commonplace approvals, GCRPL has received the initial attention of USD 420 mn.

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