GMR Power and Urban Infra Limited — Others, 21-01-2025: Disclosure under SEBI Takeover Regulations

GMR Estate Management Private Limited has completed the inter-se transfer of 12 crore equity shares of GMR Power and Urban Infra Limited from GMR Enterprises Private Limited. This transfer, part of internal restructuring, resulted in GMR Estate Management holding approximately 16.79% of the total share capital of the target company at a price of INR 112.21 per share.

This strategic move may enhance GMR Estate's influence within GMR Power and Urban Infra, potentially solidifying its governance structure and operational control. Investors might view this as a positive outlook, reflecting confidence in the company's direction and consolidating shareholder interests.