GMR receives Rs 1,692 crore from Aurobindo Realty as 1st tranche for SEZ stake sale

"Total revised consideration for the sale of equity stake as well as the sub-debt in KSEZ is Rs. 2,719 crore. Out of the total consideration, Rs. 1,692 crore ("First Tranche Consideration") is received and the balance Rs. 1,027 crore would be received in the next 2 to 3 years which is contingent upon certain agreed milestones," GMR said.

from Moneycontrol Business News https://ift.tt/3iIYpOG