GMR Power and Urban Infra Limited is preparing to review a major fundraising proposal that could significantly boost its capital base. The company has scheduled a review meeting for December 17 to consider raising substantial funds through equity instruments.

Fundraising Details

The proposed capital raising initiative involves mobilizing up to ₹1,200.00 crore through strategic financial instruments. The company is considering multiple options for this fundraising exercise:

Strategic Capital Initiative

The fundraising proposal represents a significant financial move for GMR Power and Urban Infra Limited. By exploring both equity shares and warrants as potential instruments, the company is providing flexibility in its capital raising approach. This dual-option strategy may allow the company to optimize its fundraising based on market conditions and investor preferences.

Timeline and Process

The December 17 review date marks a crucial milestone in the company's capital raising timeline. During this review, the company's leadership plans to evaluate the proposal's merits, assess market conditions, and determine the most appropriate path forward for the fundraising initiative.

This capital raising exercise, if approved, could provide GMR Power and Urban Infra Limited with substantial financial resources to support its operational requirements and strategic objectives. The company's decision to consider such a significant fundraising amount indicates its intention to strengthen its financial position and support future business activities.

Reliance Power Limited (RPL) has received approval from both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for a significant change in its shareholding structure. The approval pertains to the reclassification of Reliance Capital Limited from RPL's promoter group to the public category.

Key Points of the Reclassification

• Approval Date: December 8, 2025
• Exchanges: BSE and NSE
• Reclassified Entity: Reliance Capital Limited
• Change: From promoter group to public category

Background of the Reclassification

The reclassification comes as a result of IndusInd International Holdings Limited implementing a resolution plan under the Insolvency and Bankruptcy Code, 2016. This move signifies a notable shift in the ownership structure of Reliance Power.

Regulatory Compliance

As part of this reclassification, Reliance Power is required to:

1. Ensure compliance with subsequent relevant disclosures of material events related to this reclassification.
2. Adhere to the applicable provisions of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Implications for Investors

This reclassification may have implications for Reliance Power's shareholding pattern and potentially its governance structure. Investors should keep an eye on subsequent disclosures from the company for a clearer picture of how this change might affect the company's operations and decision-making processes.

Conclusion

The approval of this reclassification by both major stock exchanges marks a significant corporate action for Reliance Power. As the company moves forward with this change in its promoter group structure, it will be crucial for stakeholders to monitor future disclosures and potential impacts on the company's strategic direction.