Shareholding5 Jun 2026, 02:56 pm
GMR Power to Acquire 9.55% Stake from Promoter
AI Summary
GMR Power and Urban Infra Ltd announced an internal restructuring where GMR Estate Management Private Limited, a wholly-owned subsidiary of promoter GMR Enterprises Private Limited, will acquire up to 7,46,00,000 equity shares, representing 9.55% of the total share capital. The acquisition will be conducted off-market from GMR Enterprises Private Limited. The volume-weighted average market price for the last 60 trading days was ₹107.48 per share. This transaction is part of an internal restructuring initiative.
Key Highlights
- GMR Estate Management to acquire 9.55% stake in GMR Power.
- Acquisition from promoter GMR Enterprises Private Limited.
- Transaction is part of internal restructuring.
- Acquisition price not exceeding SEBI SAST Regulations limits.
- Exemption from open offer under Regulation 10(1)(a)(iii) of SEBI SAST Regulations.
Price Impact
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