PETALING JAYA: Tenaga Nasional Bhd (TNB), via its wholly-owned subsidiary TNB Topaz Energy Sdn Bhd, has divested all of its 105.6 million units of Tranche 1 investment in the compulsorily convertible debentures issued by GMR Bajoli Holi Hydropower Private Ltd of India for 1.176 billion Indian rupees (RM67.04mil).

       The utility giant said the divestment was driven by its strategy to streamline its international portfolio, defocusing on India, and shifting its efforts to pursue growth in its focus markets such as the United Kingdom, Europe and South-East Asia.

       The move was also consistent with TNB’s initiatives to seek monetisation options for its assets in India and other non-focus markets, it said.