SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GMR Energy to divest its 50% equity interest in Tshedza Mining Resource

28 Mar 2013 Evaluate

Homeland Mining and Energy SA Proprietary   (HMESA), a wholly owned subsidiary of Homeland Energy Group, a company listed in Canada (HEG) in which GMR Energy  has a majority shareholding has entered into an agreement to divest its 50% equity interest in Tshedza Mining Resource, which holds the license for the development of Eloff mines. The purchaser of the Homeland’s interest in the Eloff mines is the Company’s current BEE partner, who already holds a 50% interest in the property. The consummation of transaction is subject to receipt of statutory approvals in South Africa.

HMESA has also entered into an agreement for the sale of its entire shareholding of Ferret Coal (Kendal). The transaction will be subject to receipt of statutory approvals and HEG Shareholders approval. The Kendal mine is an operating mine and sells coal in domestic market while the Eloff mine is under development stage.

GMR Infrastructure is the infrastructure holding company formed to fund the capital requirements of various infrastructure projects in the Group’s Energy, Highways and Airport and SEZ sectors. It undertakes the development of the infrastructure projects through its various subsidiaries.

GMR Airports Share Price

97.36 0.49 (0.51%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Dreamfolks Services 83.03
GMR Airports 97.36
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×