Malaysia’s largest power utility firm picks up 30 percent equity stake in GMR Energy’s portfolio

Q.  Malaysia’s largest power utility firm has picked 30 percent  equity stake in GMR Energy- what is its name?
- Published on 11 May 16

a. TNB
b. TDB
c. TCB
d. TJB

ANSWER: TNB
 
Tengaga Nasional Berhad selected portfolio of assets for cash consideration of USD 300 million valuing the assets at USD 1 billion
  • Funds will be primarily used for repayment of corporate debt
  • This would lead to a reduction in GMR Infrastructure’s consolidated corporate debt

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