TNB divests bonds in India's Bajoli Holi Hydropower project for RM67.04mil

KUALA LUMPUR: Tenaga Nasional Bhd (TNB), via its wholly-owned subsidiary TNB Topaz Energy Sdn Bhd (TNBTE), has divested all of its 105.6 million units of Tranche 1 investment in the compulsorily convertible debentures (CCD) issued by GMR Bajoli Holi Hydropower Private Ltd (GBHH) of India for 1.176 billion Indian rupees (RM67.04 million).

TNB said the divestment of its CCD investment was driven by its strategy to streamline its international portfolio, defocusing on India, and shifting its efforts to pursue growth in TNB’s focus markets such as the United Kingdom, Europe and Southeast Asia.