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GMR Power and Urban Infra is currently trading at Rs. 52.09, up by 1.88 points or 3.74% from its previous closing of Rs. 50.21 on the BSE.

The scrip opened at Rs. 51.12 and has touched a high and low of Rs. 53.20 and Rs. 51.00 respectively. So far 412177 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 61.19 on 07-Feb-2024 and a 52 week low of Rs. 14.32 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 54.73 and Rs. 47.00 respectively. The current market cap of the company is Rs. 3151.37 crore.

The promoters holding in the company stood at 59.83%, while Institutions and Non-Institutions held 9.23% and 30.94% respectively.

GMR Power and Urban Infra has entered into a binding agreement with Claymore Investments (Mauritius) Pte. (Claymore) for the acquisition by the Company of 42.04 crore Equity Shares of GMR Energy (GEL) (representing 11.66% of the equity share capital of GEL) from Claymore at a negotiated settlement price of Rs 442 crore.

The Transaction will consolidate the existing stake of the Company in GEL to about 99.08%. With this complete buy-out of Claymore’s stake, and upon payment of the entire consideration of Rs 442 crore, the Shareholders’ Agreement with Claymore will stand terminated. GEL was incorporated on October 10, 1996 and is engaged in the business of development, operation and maintenance of power projects, power generation, transmission, distribution and trading of electricity, through its subsidiaries.

The Transaction is between the Company and Claymore and Claymore is not a related party to the Company. GEL is currently a subsidiary of the Company and of its promoter company, GMR Enterprises. Other than the direct and indirect shareholding of these entities in GEL, there is no other interest the promoters or promoter group have in GEL or in the transaction.

GMR Power and Urban Infra, a subsidiary of GEPL holds expertise in the sectors of energy, urban infrastructure and transportation.