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GMR Infra

Singapore-based power utility acquired by GMR Infra

Singapore-based power utility acquired by GMR Infra

As per the media reports, Singapore-based power utility major Island Power has been acquired by GMR Infrastructure on Friday. The amount for the deal has not been disclosed.

It was confirmed by GMR Infra in a filing to the Bombay Stock Exchange, “GMR Group today signed an agreement with the international power producer InterGen to acquire its 100 per cent ownership stake in Island Power.”