GMR Airports Allots 10.2 Cr Shares Post OCRPS Conversion

GMR Airports Ltd has allotted 10,20,00,000 equity shares of Re. 1/- each, representing 0.96% of the post-allotment capital. This allotment follows the conversion of 25,50,000 Optionally Convertible Redeemable Preference Shares (OCRPS) held by GMR Infra Services Private Limited (GISPL). The conversion is part of the Composite Scheme of Amalgamation & Arrangement that became effective on July 25, 2024. GISPL had initially received 2,60,44,40,880 OCRPS convertible into equity shares. The newly allotted shares will rank pari-passu with existing equity shares.