GMR Power & Urban Infra Limited announced that its Board of Directors, in a meeting held on December 17, 2025, has approved a preferential issue of equity shares and convertible warrants. This issuance is subject to shareholder and other necessary approvals. The company plans to issue up to 6,61,81,335 equity shares of face value ₹5 each at an issue price of ₹120.88 per share, including a premium of ₹115.88. This tranche is expected to raise up to ₹800 crore and is intended for non-promoter category allottees. Additionally, up to 3,30,90,668 convertible warrants of face value ₹5 each will be issued at an issue price of ₹120.88 per warrant, with each warrant carrying the right to subscribe to one equity share. This issuance, aimed at a promoter group entity, is expected to raise up to ₹400 crore. The total amount to be raised through this preferential issue is up to ₹1200 crore. The relevant date for the preferential issue, as per SEBI ICDR Regulations, is December 17, 2025. The Board meeting commenced at 2 p.m. and concluded at 3:35 p.m. The detailed information includes the names of proposed allottees for equity shares as Synergy Industrials, Metals and Power Holdings Limited and Credit Solutions India Trust, and for warrants as Hyderabad Jabilli Properties Private Limited. The tenure of the warrants shall not exceed 18 months from the date of allotment.