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GMR Energy raises Rs 1,600 crore through high-Yield debtGMR Energy has secured ₹1,600 crore through high-yield debt at 14.85%, attracting investors like Allianz Global and Trust. The funds will b...
Malaysia data centres battle higher power costs, unclear pricingMalaysia’s unexpected power tariff hike of 10–14% is prompting data centre operators to reassess costs, threatening its appeal as a digital...
The world's worst stock market is seeing signs of revivalStock gauge has rebounded 3.5 per cent since slumping to a 2015 low on May 24.
Stocks in the news: State Bank of India, Unitech, Videocon and GMR InfraAsian peers including Hang Seng and Nikkei were also trading up to 0.40 per cent down.
GMR Infrastructure pares gross debt by 47%, stock soarsThe cash-strapped company managed to reduce its gross debt to Rs 19,856 crore from Rs 37,480 crore.
GMR Energy signs MoU with Malaysia's RemacoTNB recently invested $300 mn (Rs 2,000 Cr) in GMR Energy Limited to take up a 30% equity stake in select portfolio of GEL assets on fully ...
With stake sale, GMR Energy's debt load to become negligibleThe company announced on Friday that it would sell 30% stake to Malaysia's Tenaga Nasional Berhad for $300 million (about Rs 2,000 crore).
Tenaga is somebody like an NTPC and a Power Grid combined: Parag Parikh, CFO, GMR Energy LtdIn an interview with ET Now, Parag Parikh, CFO, GMR Energy Ltd, gives his views on GMR Energy's sale of 30% stake in the company to Malaysi...
GMR Energy allots 30% shares to Tenaga for $300 millionGMR Energy owns coal with total capacity of 4,630 mw. The portfolio comprises of operating capacity of 2,300 mw and pipeline capacity of 2,...
GMR airport arm raises $522 million from international investors via bond issueThe funds raised will be used to retire high-cost rupee term loans on DIAL’s books and to repay an existing foreign currency loan worth app...
India Inc's May M&A deal tally falls 9% to $1.9 billionAccording to the global tax, audit and assurance firm, there were 37 M&A deals worth $1,861 million in May.
GMR Energy to offload 30% stake in Tenaga to pare debt: GBS Raju, Chairman"Tenaga has a unique set of expertise. Being a marquee strategic player with decades of experience, it brings world-class best practices to...
US advisory firm Moelis & Co believes transaction activity will increaseMoelis, an US-based independent advisory firm, advised Jaiprakash Group in restructuring last fiscal.
Twelve stocks in focus in Tuesday morning tradeThe Indian market is expected to open flat. Here is a list of top twelve stocks that are likely to be in focus today.
Malaysian firm invests $300 million in GMR's select energy assetsThe investment will result in strengthening of its balance sheet through reduction of corporate debt, GMR Infrastructure said in a statemen...
L&T Construction bags orders worth Rs 1,563 crore in July, AugustLarsen & Toubro said power transmission and distribution business of L&T Construction has bagged orders worth Rs 1,563 crore in July and Au...
Malaysian shares retreat; Philippine index downThe Philippine index fell 0.4 percent to 7,452.81, extending Monday's weakness which came after a record close of 7,490.88 on Jan. 14.
Fortis may have to fight for Parkway control, Malaysian firm launches surprise $835mn offerMalaysia's sovereign fund launched a surprise $835 mn offer to increase its stake in Parkway.