Board approves preferential issue of shares and warrants up to Rs 1200 cr
GMRP&UI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved in line with Nifty Microcap 250 and 0.2 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GMR Power and Urban Infra board on Dec 17, 2025 approved issuing up to 6.61 crore equity shares at Rs 120.88 each (about Rs 800 crore total) to non-promoters Synergy Industrials and Credit Solutions India Trust. Also approved up to 3.31 crore convertible warrants at Rs 120.88 each (Rs 400 crore) to promoter group entity Hyderabad Jabilli Properties. Total potential raise Rs 1200 crore. Warrants have up to 18 months tenure.
Equity dilution ahead; promoter funding via warrants shows confidence but adds shares if exercised, potentially affecting EPS.