GMR Estate Management Private Limited acquired 7,45,56,604 equity shares from GMR Enterprises Private Limited on June 16, 2026. The inter-se transfer increased the acquirer's stake in GMR Power & Urban Infra to 24.91% of the total voting capital. The transaction was executed off-market and disclosed to BSE Limited and National Stock Exchange of India Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the acquisition, GMR Estate Management held 12,00,00,000 shares, representing 15.36% of the total voting capital. Following the transfer, the holding increased to 19,45,56,604 shares. The total equity share capital of GMR Power and Urban Infra Limited remains INR 390,50,87,645, divided into 78,10,17,529 equity shares with a face value of INR 5 each.

The total diluted share capital of the company stands at 81,41,08,197 equity shares. The transaction involved no encumbrance or convertible securities. Ravi Majeti, Director, signed the disclosure on behalf of GMR Estate Management Private Limited.

Shareholding Details

GMR Business and Consultancy LLP has pledged 5.10 crore shares of GMR Power And Urban Infra Limited , representing 6.54% of the total share capital. The encumbrance was created to secure debt instruments issued by GMR Estate Management Private Limited. The pledged shares secure a borrowing amount of ₹1,400 crore, resulting in a security cover ratio of 0.19. The disclosure was made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The shares have been pledged in favor of Vistra ITCL (India) Limited, acting as the Debenture Trustee for the benefit of GMR Estate Management Private Limited. The entity in whose favor the shares are encumbered is not a scheduled commercial bank, public financial institution, NBFC, or housing finance company. The debt instruments secured by the pledge are described as secured, unrated, unlisted, redeemable, and non-convertible debentures.

GMR Business and Consultancy LLP holds a total promoter shareholding of 36,14,26,826 shares, which constitutes 46.28% of the total share capital of the company. With this pledge, the total encumbered shares now account for 61.07% of the promoter's total shareholding. This exceeds both the 50% threshold of promoter shareholding and the 20% threshold of total share capital. The encumbered shares are net off releases till June 17, 2026.

The following table details the encumbrance specifics: