GMR receives Rs 1,692 Cr from Aurobindo Realty as 1st tranche for SEZ stake sale
In a press release, GMR said as part of the transfer of stake of KSEZ, 74 per cent equity stake of Kakinada Gateway Port Limited held by KSEZ is also being transferred to Aurobindo Realty.
The majority of the divestment proceeds are primarily used to reduce the indebtedness of the Group, the release said: PTI