GMR Infra subsidiary raises Rs 2256 million through CCDs


GMR Infra subsidiary raises Rs 2256 million through CCDs

MR Bajoli Holi Hydropower Private Limited (GBHHPL), a subsidiary of GMR Energy Limited and a step down subsidiary of GMR Infrastructure Limited, today announced the signing of definitive agreement for an investment of Rs 2,256 million through Compulsorily Convertible Debentures (CCDs) in GBHHPL by TNB Topaz Energy SDN Bhd.  , a wholly owned subsidiary of Tenaga Nasional Berhad (TNB).

The proceeds from the CCDs will be used for the construction of 180 MW run of the river Bajoli Holi project. Read More

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