GMR Power and Urban Infra Limited has informed the Exchange about allotment of equity shares and warrants on preferential basis

GMR Power and Urban Infra Limited has allotted equity shares and convertible warrants to specific investors on a preferential basis. A preferential allotment allows the company to issue securities directly to chosen investors without going through a public offer. The fact that warrants (which give the right to buy shares later at a set price) are also being issued suggests the company is raising funds in tranches, with the warrant portion providing additional capital once exercised. The detailed numbers, identity of allottees, and pricing are not disclosed in this headline.