GMR Power and Urban Infra to consider raising up to ₹3,000 crore
GMR Power & Urban Infra Ltd (GPUIL) has announced a board meeting for August 22 to consider raising up to ₹3,000 crore. The funds may be raised in tranches through various methods, including a Qualified Institutions Placement (QIP) or Foreign Currency Convertible Bonds (FCCBs). The proposal is subject to approval from shareholders and regulatory bodies.