Home > Business > Business News
Wednesday August 7, 2013 MYT 2:31:00 PM
Wednesday August 7, 2013 MYT 2:34:51 PM
NEW DELHI, Aug 7 (Bernama): Khazanah Nasional Bhd, is said to be the frontrunner to buy Bangalore-based, GMR Infrastructure’s, four road assets, according to media reports here.
It was reported that GMR plans to sell these assets for around Rs1,500 crore to Rs2,000 crore (RM789mil to RM1.05bil) to ease the firm’s liquidity pressure and to pare down debts.
Earlier reports said Pochanpalli Expressways, Ulundurpet Expressways, Hyderabad-Vijaywada and Hungund Hospet as the assets on the table.
Pochanpalli, a 412Km road project between Adloor-Yellareddy and Gundla Pochanpalli on NH7 in Hyderabad, Andra Pradesh, commenced commercial operations in March 2009.
Ulundurpet is a 292Km stretch between Tindivanam and Ulundurpet on NH45, Tamil Nadu, which started commercial operations in July 2009.
Vijayawada-Hyderabad is a 272Km expressway while Hungund Hospet is a 99.05Km Expressway in Karnataka state.
Tags / Keywords:
Japan foreign assets hit record
Ekuinas, funds raise RM373m to invest in O&G, consumer firms
US housing seen slowing
India may squeeze state firms for cash as asset sales falter
Jagan now major holder in Scicom
Thai inflation slows to 1.75% in Sept, US$3bil stimulus approved
Sime Darby quits buying stake in New Britain Palm Oil
Budget 2015 likely to align with NAP: MAI
S. Korea Sept export growth hits 9-mth high, inflation dips
Gold bullion traders hoping for GST exemption
Google searches for right note in online music business
Hulk shines for Zenit after racial abuse controversy
Tenacious D is coming to Kuala Lumpur
Mostly business as usual in HK
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)