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Corporate News

GMR Power received Rs 900 crore from a preferential issue, with Rs 300 crore pending over 18 months
30-Oct-2026, 08:19

GMR Power & Urban Infra Limited informed the BSE and National Stock Exchange that there was no deviation or variation in the utilisation of Rs 1200 crore raised through a preferential issue as of September 30, 2026, according to a regulatory filing. The company has received Rs 900 crore of the total issue size, including upfront consideration for warrants, with the remaining Rs 300 crore expected to be received as warrants are converted to equity shares over the next 18 months.