GMR Power And Urban Infra Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/08/2025 ,inter alia, to consider and approve raising of funds
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GMR Power and Urban Infra has informed BSE that its Board will meet on Friday, August 22, 2025, to consider and approve raising of funds of up to ₹3,000 Crore. The funds will be raised in one or more tranches through securities such as a Qualified Institutions Placement (QIP), Foreign Currency Convertible Bonds (FCCBs), or any other instruments permitted by law. The proposal will be put forward as an enabling resolution and will still need shareholder and other regulatory approvals. No specific instrument, pricing, or use of proceeds has been disclosed at this stage.
If executed through QIP or FCCBs, existing shareholders could face equity dilution; however, the fresh capital can support growth or reduce debt. The stock may see volatility around the board meeting date as investors await clarity on the instrument, pricing, and end-use of the proceeds.