GMR Power and Urban Infra share pledge announcements

Share PledgeGMR Power and Urban Infra Ltd GMRP&UI

GMR Power and Urban Infra Share Pledge

GMR Power & Urban Infra’s promoter pledged shares to VISTRA ITCL (India) Ltd as security for a ₹1,400 Crore debenture. Investors should watch the added leverage risk.

Value

₹1,400 Cr

Share PledgeGMR Power and Urban Infra Ltd GMRP&UI

GMR Power and Urban Infra Share Pledge

Vistra ITCL, as Debenture Trustee, received a pledge of 12,97,13,503 shares in GMR Power & Urban Infra. This secures NCD issuance and increases encumbered shares to 26.85%.

Share PledgeGMR Power and Urban Infra Ltd GMRP&UI

GMR Power and Urban Infra Share Pledge

Catalyst Trusteeship Limited announced the release of 12,00,00,000 pledged equity shares of GMR Power and Urban Infra Limited. This represents 15.36% of the company's paid-up share capital.