Gmr Power And Urban Infra Limited has informed the Exchange about Preferential issue of Equity shares and warrants

GMR Power and Urban Infra Limited has informed the stock exchange about a proposed preferential issue of equity shares along with warrants. A preferential issue means the company will allot new shares and warrants to selected investors at a pre-decided price, rather than raising money from the public. No specific number of shares, warrant terms, pricing, or names of the allottees are mentioned in the filing headline. This is a capital-raising move that allows the company to bring in funds quickly from chosen investors. Shareholders should watch for follow-up filings that disclose the issue price, quantity, and the identity of the allottees.