Acquisitions2 Nov 2023, 12:53 pm
GMR Power and Urban Infra Acquires 100% Stake in GMR Consulting Services
AI Summary
GMR Power and Urban Infra Limited has acquired 100% stake in GMR Consulting Services Limited, previously a step-down subsidiary of the company, for a cash consideration of Rs. 10/- based on the valuation report issued by an independent valuer. The acquisition is in the ordinary course of business and on arm's length basis.,
Key Highlights
- GMR Power and Urban Infra Limited has acquired 100% stake in GMR Consulting Services Limited
- The acquisition is in the ordinary course of business and on arm's length basis
- The consideration is Rs. 10/- based on the valuation report issued by an independent valuer