GMR Power promoter encumbers 51M shares, 61.07% of holding

GMR Power and Urban Infra Ltd's promoter, GMR BUSINESS AND CONSULTANCY LLP, has disclosed the encumbrance of 51,000,000 shares. These shares represent 6.53% of the total share capital and 61.07% of the promoter's total shareholding. The encumbrance, created on June 16, 2026, is a pledge in favor of VISTRA ITCL (India) Limited for an existing facility, specifically secured, unrated, unlisted, redeemable, and non-convertible debentures. The value of the encumbered shares is ₹5,42,23,20,000 against an amount involved of ₹14,00,00,00,000. This disclosure is net of releases until June 17, 2026.