GMR Energy looks to raise $242M in IPO; Temasek, IDFC Alternatives, Ascent to part exit - 31-Mar-2014
Singapore’s sovereign wealth fund Temasek, IDFC Alternatives and Ascent Capital are looking to part exit in the initial public offer of GMR Energy, the power business arm of GMR Infrastructure. GMR Energy has filed its documents for the public float in which it seeks to raise Rs 1,450 crore ($242 million), through a fresh issue of shares besides an offer for sale by the private equity investors.