Highlights of GMR Infra management's comments on Intergen buy
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K.Karthik Raja
Jun 25, 2008, 5:29:27 AM6/25/08
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Highlights of GMR Infra management's comments on Intergen buy
Wednesday, Jun 25
MUMBAI - Below are the highlights of comments by the management of
GMR Infrastructure Ltd on Intergen buy and other issues:
* GMR Infrastructure buys 50% stake in Netherlands-based InterGen
* To form special purpose vehicle to complete InterGen buy
* Raised $1.1 bln overseas to fund InterGen buy
* Raised funds via two-year bridge loans for InterGen buy
* GMR Holdings mulling 51% stake buy in Kakinada refinery from ONGC
* To spend $1 bln in four-five years to develop 3,200MW capacity
* To use cash reserves for $1 bln capital expenditure
Wednesday, Jun 25
MUMBAI - Below are the highlights of comments by the management of
GMR Infrastructure Ltd on Intergen buy and other issues:
* GMR Infrastructure buys 50% stake in Netherlands-based InterGen
* To form special purpose vehicle to complete InterGen buy
* Raised $1.1 bln overseas to fund InterGen buy
* Raised funds via two-year bridge loans for InterGen buy
* GMR Holdings mulling 51% stake buy in Kakinada refinery from ONGC
* To spend $1 bln in four-five years to develop 3,200MW capacity
* To use cash reserves for $1 bln capital expenditure
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