GMR Power & Urban Infra Limited announced today, December 17, 2025, that its Board of Directors has approved a preferential issue of equity shares and convertible warrants. 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, aggregating up to ₹800 crore. These shares are intended for allottees in the non-promoter category. Additionally, the Board approved the issuance of up to 3,30,90,668 convertible warrants of face value ₹5 each, with each warrant carrying the right to subscribe to one equity share at an issue price of ₹120.88 per warrant. This issuance aims to raise up to ₹400 crore and is proposed for an entity within the promoter group. The total amount to be raised through this preferential issue is up to ₹1,200 crore. The relevant date for the SEBI ICDR Regulations is December 17, 2025. The meeting of the Board of Directors commenced at 2:15 p.m. and concluded at 3:35 p.m. Investors for the equity shares include Synergy Industrial and Power Metals Limited and Credit Solutions India Trust. Hyderabad Jabilli Properties Private Limited is the proposed allottee for the warrants. The tenure of the warrants will not exceed 18 months from the date of allotment, during which they can be exercised to subscribe to equity shares.