GMR Enterprises subsidiaries GMR Power and Urban Infra said their boards had approved the issuance of securities to raise to Rs 3,000 crore. The approval was obtained at a board meeting on Thursday.

GMR Power and Urban Infra (GPUIL) said in a BSE filing: “At a meeting held on September 1, the company has approved the raising of up to Rs 3,000 crore.” Funds from eligible investment projects and securities such as foreign currency convertible bonds are issued in one or more batches, subject to shareholder approval and other regulatory approvals.

• ChatGPT Mobile App Introduces Video and Screensharing Features
• India’s Forex Reserves Drop by $3.23 Billion to $654.86 Billion on 6th Dec
• Paraguayan President Santiago Pena Opens Jerusalem Embassy
• Premier Energies Planning to Establish 1 GW Manufacturing Plant in Telangana 
• International Gemmological Institute (India) IPO GMP, Lot Size & Key Dates

GPUIL operates in the energy, urban infrastructure and transportation sectors.