SPML Infra to raise funds worth Rs. 75 Crore through QIP

The board of directors of SPML Infra Limited in its meeting on 5th December, 2014 evaluated various options of fund raising and decided to call for Extra Ordinary General Meeting (EGM) on 6th January 2015 seeking Shareholders approval to authorize the Board of Directors to raise funds through qualified institutional placement (QIP) route for an amount not exceeding Rs. 75 Crore at an appropriate price and time as approved by the Board (or its empowered committee).

Shares of SPML Infra Limited was last trading in BSE at Rs.90.05 as compared to the previous close of Rs. 87.55. The total number of shares traded during the day was 15278 in over 636 trades.

The stock hit an intraday high of Rs. 93.75 and intraday low of 86. The net turnover during the day was Rs. 1387049.

Source : Equity Bulls

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