GMR Power and Urban Infra to Acquire Majority Stake in GMR Energy

GMR Power and Urban Infra Limited has entered into a binding agreement with Claymore Investments to acquire 42,04,16,542 equity shares of GMR Energy Limited, representing 11.66% of the company's equity share capital, for a negotiated settlement price of Rs. 442 crores. The transaction will consolidate the company's existing stake in GMR Energy to 99.08%.,