Malaysian firm to buy 30% stake in GMR Energy
Bengaluru-based GMR Infrastructure on Monday said Tenaga Nasional, Malaysia's largest power utility, will invest $300 million (around ₹2,000 crore) for a 30% stake in selected generation assets of its subsidiary GMR Energy. The proceeds will be used for the repayment of corporate debt, the company said. Notably, GMR Infra's gross consolidated debt stood at ₹43,439 crore as of September 2015.