GMR Estate Management Private Limited increased its shareholding in GMR Power & Urban Infra to 24.91% through an inter-se transfer of 7,45,56,604 equity shares. The acquisition was executed on June 16, 2026, at a price of INR 107.48 per share, as part of an internal restructuring. The transaction was exempt from an open offer under Regulation 10(1)(a)(iii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the transaction, GMR Estate Management held 12,00,00,000 shares, representing 15.36% of the total voting capital. Following the transfer from GMR Enterprises Private Limited, the acquirer's holding rose to 19,45,56,604 shares. The seller's stake consequently reduced to 7,95,27,709 shares, or 10.18% of the total voting capital.

The total equity share capital of GMR Power and Urban Infra Limited is 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 stands at 81,41,08,197 equity shares. The disclosure regarding the proposed acquisition was filed with the stock exchanges on June 04, 2026, in compliance with Regulation 10(5).

Shareholding Details

Ravi Majeti, Director, signed the disclosure on behalf of GMR Estate Management Private Limited.

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: