Brief: Gayatri Projects Says Unit To Sell 5.95% Stake In Sembcorp Energy India For 4.06 Bln Rupees
04/12/2019 11:39
Dec 4 (Reuters) - Gayatri Projects Ltd GAPR.NS :
* UNIT GAYATRI ENERGY VENTURES OFFERED TO SELL EXISTING
EQUITY OF
5.95% IN SEMBCORP ENERGY INDIA TO SEMBCORP UTILITIES
* UNIT GAYATRI ENERGY VENTURES AND SEMBCORP UTILITIES SIGNED
NON-BINDING TERM SHEET
* DEAL FOR 4.06 BILLION RUPEES
* PROCEEDS OF STAKE SALE TO BE UTILISED FOR DEBT REDUCTION,
GENERAL CORPORATE PURPOSES AND WORKING CAPITAL
Source text: https://www.bseindia.com/xml-data/corpfiling/AttachLive/fde98ac4-bc92-42b1-bfa2-bb9302fb0ca2.pdf
Further company coverage: GAPR.NS
((Reuters.Briefs@thomsonreuters.com;))
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