Summary
GMR Power and Urban Infra Limited (GPUIL) was incorporated as a Public Limited Company under the Companies Act, 2013 pursuant to a Certificate of Incorporation dated May 17, 2019 issued by the Registrar of Companies, Central Registration Centre. The Company was incorporated as a wholly owned subsidiary of GMR Infrastructure Limited. The Scheme of Arrangement was aimed at demerger of Urban Infrastructure Business and EPC Business of GMR Infrastructure Limited into the Company. The Scheme was sanctioned by NCLT vide Order dated December 22, 2021 and is effective from the Appointed Date. Pursuant to the approval of Scheme of Amalgamation and Arrangement by National Company Law Tribunal, the Urban Infrastructure Business and EPC Business operated by GMR Infrastructure Limited (GIL) stands demerged and transferred to and vested in the Company (GMR Power and Urban Infra Limited) (GPUIL) w.e.f. December 31, 2021 and with Appointed Date of April 1, 2021. In accordance with the said Scheme, Equity Shares of the Company shall be listed and admitted to trading on BSE and NSE Platform. Promoters of the Company are Mr. Grandhi Mallikarjuna Rao and GMR Enterprises Private Limited.Urban Infrastructure business means the business relating to energy, which includes power generation using various fuel types such as, coal, gas, renewable power, power transmission, interests in coal mining projects, power trading etc., and the projects which are at various stages of development and operations;... Read More
Reports by GMR Power & Urban Infra Ltd
Reports by GMR Power & Urban Infra Ltd