Board approves Rs 1,200 cr preferential issue of shares and warrants

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Price reactionminutes from the announcement price · days from the prior close

-0.3%Reaction day

₹113.75

prior close

₹115.08

announcement price

After-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.3%-0.0% vs market

Power Generation peers, median of 26sector-0.5%+0.2% vs sector

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.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.3-0.3-0.0-0.5+0.2

Next day

+3.7+0.9+2.8+0.3+3.5

+0.9+2.3-1.4+0.4+0.5

+1.2+2.4-1.2+0.8+0.4

-1.5+1.8-3.4+1.7-3.2

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15d

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UpDownMarket · Nifty Microcap 250Sector · Power Generation peers, median of 26Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

GMR Power and Urban Infra board approved a preferential issue of up to Rs 1,200 crore via equity shares and convertible warrants at Rs 120.88 each (floor price). This includes up to 6.61 crore equity shares worth Rs 800 crore for non-promoters Synergy Industrial and Power Metals and Credit Solutions India Trust, and up to 3.31 crore warrants worth Rs 400 crore for promoter group entity Hyderabad Jabilli Properties. Warrants carry 18-month tenure for conversion into equity.

Likely market impact

Potential dilution for existing shareholders; promoter group stake rises from 0.80% to 4.77% on full warrant conversion. Subject to shareholder approval.