GMR Infrastructure has entered into pacts for divesting stakes in its Indonesian coal mining entities. Two of its subsidiaries -- GMR Energy Netherlands BV and GMR Infrastructure Overseas -- have entered into conditional share purchase agreement with PT Golden Energy Mines Tbk, Indonesia. The pact is for selling a 100% stake. Besides, the company would sell mandatorily convertible bonds in PT Dwikarya Sejati Utama, PT Duta Surana Internusa, PT Unsoco and PT Barasentosa Lestari.
GMR Infrastructure engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.
