GMR Coal Resources (GCRPL), a step-down subsidiary of GMR Power and Urban Infra Limited, on Wednesday said it has entered into definitive agreements to divest 30% equity stake it holds in PT Golden Energy Mines Tbk (PT GEMS) to PT Radhika Jananta Raya for $420 million and also a deferred consideration.
PT GEMS is an Indonesian bituminous coal mine operator, owning and operating five coal mining concession areas in that country.
