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GMR Power and Urban Infra to consider ₹3,000-crore fundraising on August 22The fundraising may be carried out in one or more tranches through the issue of securities, including qualified institutions placement (QIP), foreign currency convertible bonds (FCCBs), or other instruments. Shares of GMR Power and Urban Infra Ltd ended at ₹117.60, up by ₹0.60 or 0.51%, on the BSE today (August 19).By Jomy Jos Pullokaran   August 19, 2025, 7:23:02 PM IST (Published)1 Min ReadGMR Power and Urban Infra Limited on Tuesday (August 19) said its board of directors will meet on Friday, August 22, to consider and approve a proposal for raising up to ₹3,000 crore.

The fundraising may be carried out in one or more tranches through the issue of securities, including qualified institutions placement (QIP), foreign currency convertible bonds (FCCBs), or other instruments.

Also Read: IREDA sanctions a ₹2,128 crore loan for GMR Power for Smart Metering project in UP

The proposal will remain subject to shareholder approval and other applicable regulatory or statutory clearances. The company stated that the planned fundraising is in line with applicable laws and will provide flexibility in tapping both domestic and overseas capital markets.

GMR Power and Urban Infra is a part of the GMR Group. It has expertise in sectors of energy, urban infrastructure, and transportation.

Shares of GMR Power and Urban Infra Ltd ended at ₹117.60, up by ₹0.60 or 0.51%, on the BSE on Tuesday (August 19).

Also Read: GMR Power & Urban Infra Q4 net drops 7% to ₹178 crore but revenue up 6.3%Continue Reading(Edited by : Shoma Bhattacharjee)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsGMR Powershare market today