iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

GMR Power and Urban Infra hits the roof on acquiring GMR Green Energy

23 Jun 2022 , 01:15 PM

The company has acquired entire 50,000 equity shares of GGEPL at face value of Rs 10 each for an aggregate cash consideration of Rs 5 lakh on 21 June 2022, making it a wholly owned subsidiary of the company. The acquisition did not require any government or regulatory approval, said the company. GGEPL was incorporated during the year 2022 with the objective to pursue opportunities in the green energy business and is yet to commence commercial operations. GMR Power and Urban Infra a subsidiary of GMR Enterprises (GEPL) holds expertise in the sectors of Energy, Urban Infrastructure and Transportation. Urbanization has given the country rapid growth and contributing towards this growth, GMR Group ventured into this business sector. On consolidated basis, the company reported a net loss of Rs 214.05 crore as against a net loss of Rs 903.85 in Q4 FY22 over Q4 FY21. Net sales jumped 56.3% to Rs 1,151.98 crore during the quarter. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.