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GMR Power and Urban Infra informs about acquisition

02 Nov 2023 Evaluate

GMR Power and Urban Infra has informed that the Company has acquired 100% stake in GMR Consulting Services (‘GCSL’) from GMR Energy (‘GEL’) a subsidiary company. While GCSL is already a step down subsidiary of the Company, the proposed acquisition would make it a wholly owned subsidiary of the Company. The disclosure as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated 13th July 2023, is enclosed as Annexure.

The above information is a part of company’s filings submitted to BSE.


Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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