Support: +91-22-61011756 /
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

GMR divests stake in Tindivanam-Ulundurpet highway project

Tuesday, 17 Sep 2013
Share this on :

GMR Highways, a company owned by GMR Group, has signed a definitive agreement with India Infrastructure Fund (IIF), to divest 74 per cent stake in GMR Ulundurpet Expressways (GUEL).


GUEL operates the highway stretch of about 73 km from Tindivanam to Ulundurpet on NH-45 in the state of Tamil Nadu. The project commenced commercial operations in July 2009. GMR Group will receive a consideration of about Rs 222 crore for the sale of 74 per cent equity stake.


IIF emerged as the successful bidder in buying a majority stake in GUEL, which attracted strong interest from several major investors in India and abroad.


Post Your Comments


Sign up to start your trial access

Are you...


Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services