GMR Estate Management Private Limited, a wholly owned subsidiary of GMR Enterprises Private Limited, has announced its intention to acquire up to 12,00,00,000 equity shares of GMR Power and Urban Infra Limited (Target Company). This acquisition is being conducted through off-market transactions as part of an internal restructuring process.
Key Details:
- Acquirer: GMR Estate Management Private Limited (Part of the GMR Promoter Group)
- Target Company: GMR Power and Urban Infra Limited
- Shares to be Acquired: Up to 12,00,00,000 equity shares, representing up to 16.79% of the total share capital
- Acquisition Price: The shares will be acquired at a price within the limits set by SEBI’s SAST Regulations.
- Acquisition Date: The transaction is expected to take place within 4 working days from the intimation.
GMR Power and Urban Infra shares opened at ₹115.68, reaching a high of ₹115.68 and a low of ₹113.75. The stock’s 52-week high stands at ₹169.25, while its 52-week low is ₹38.60.
