New Delhi, Sept 1 (PTI) GMR Power and Urban Infra, an arm of GMR Enterprises, on Thursday said that its board has given a go-ahead to raise up to Rs 3,000 crore via issuance of securities.

The approval was accorded in the board meeting held on Thursday.

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"The company at its meeting held on September 1... have approved for raising of funds of up to Rs 3,000 crore," GMR Power and Urban Infra ((GPUIL) said in a BSE filing.

The funds would be raised via securities which also includes QIP and foreign currency convertible bonds, in one or more tranches subject to the go-ahead by the shareholders and other regulatory approvals, the filing said.

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GPUIL operates in sectors such as energy, urban infrastructure and transportation.

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