Investment19 Aug 2025, 07:04 pm
GMR Power and Urban Infra Ltd. to Raise up to INR 3000 Crore through QIP, FCCBs, or Other Securities
AI Summary
GMR Power and Urban Infra Ltd. has announced a Board Meeting scheduled for August 22, 2025, to consider and approve raising funds of up to INR 3000 Crore. The company plans to issue securities such as Qualified Institutions Placement (QIP), Foreign Currency Convertible Bonds (FCCBs), and/or other securities in one or more tranches. This decision is subject to approval from shareholders, as well as relevant regulatory and statutory authorities.
Key Highlights
- GMR Power and Urban Infra Ltd. to raise up to INR 3000 Crore through various securities
- The fundraising will be executed in one or more tranches
- The proposal includes issuing Qualified Institutions Placement (QIP), Foreign Currency Convertible Bonds (FCCBs), and/or other securities
- The decision is subject to shareholder and regulatory approvals
- The Board Meeting is scheduled for August 22, 2025