| GMR Infrastructure - Updates GMR Infrastructure Ltd has informed that GMR Energy Ltd (GEL), the Company's 100% Subsidiary Company has acquired 5% stake in Homeland Mining and Energy SA (Pty) Ltd, South Africa, subsidiary of Homeland Energy Group Ltd, Toronto Canada.
Homeland Mining & Energy SA (Pty) Ltd. holds license for several coal mining projects in
South Africa. This acquisition would ensure fuel security for GMR Group's power projects in India and such a transaction also acts as a catalyst in the development of the energy
business of the Group. GEL also maintains option to acquire an additional 45% stake in
Homeland Mining and Energy SA (Pty) Ltd. |
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