Business Update21 May 2026, 08:01 pm
GMR Power Infra: No Deviation in Preferential Issue Proceeds
AI Summary
GMR Power and Urban Infra Ltd confirms no deviation or variation in the utilization of ₹1200 Crore issue proceeds raised through Preferential Issue as of March 31, 2026. The funds were used in line with the stated objectives. The Audit Committee reviewed and noted the nil deviation/variation.
Key Highlights
- GMR Power reports no deviation in use of preferential issue proceeds.
- ₹1200 Crore raised via preferential issue on January 27, 2026.
- Proceeds utilized as per original objectives.
- Audit Committee reviewed and noted the nil deviation.
Price Impact
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