GMR Power Approves ₹12 Bn Capital Raise via Equity Shares and Warrants

GMR Power and Urban Infra Ltd, part of the GMR Group, announced board approval for a significant capital infusion through equity shares aggregating ₹8 billion and convertible warrants worth ₹4 billion, totaling ₹12 billion. This move strengthens the company's balance sheet for executing ongoing power generation and urban infrastructure initiatives.

The warrants offer investors conversion flexibility into equity at predetermined terms, balancing immediate funding needs with future dilution control. Proceeds will primarily fund project development, debt reduction, and working capital in key segments like thermal power, renewables, and smart city projects.

This capital raise aligns with GMR's aggressive growth strategy in India's infrastructure boom.

Key Highlights:

Equity Shares: Issuance aggregating ₹8 billion.

Convertible Warrants: ₹4 billion total value approved.

Total Raise: ₹12 billion through preferential allotment.

Purpose: Project funding, debt servicing, expansion capex.

Strategic Impact: Enhances liquidity for power and infra projects.

Source: Company filing to BSE/NSE, December 17, 2025.