GMR Power & Urban Infra Limited announced today, December 17, 2025, that its Board of Directors has approved the issuance of equity shares and convertible warrants on a preferential basis. 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 Rs. 5 each at an issue price of Rs. 120.88 per share, including a premium of Rs. 115.88. This tranche is expected to raise up to Rs. 800 crore and is proposed to be allocated to non-promoter category investors: Synergy Industrial and Power Metals Limited and Credit Solutions India Trust. Additionally, the company will issue up to 3,30,90,668 convertible warrants of face value Rs. 5 each. Each warrant carries the right to subscribe to one equity share of face value Rs. 5 at an issue price of Rs. 120.88 per warrant, including a premium of Rs. 115.88. This issuance is expected to raise up to Rs. 400 crore and is proposed to be allocated to Hyderabad Jabilli Properties Private Limited, a promoter group entity. The Board meeting commenced at 2:15 p.m. and concluded at 3:35 p.m. The relevant date for the preferential issue, in terms of SEBI ICDR Regulations, is December 17, 2025. The tenure of the warrants will not exceed 18 months from the date of allotment, with each warrant exercisable for one equity share. If not exercised within this period, the warrants will lapse and the amount paid will be forfeited.