SPML Infra Ltd approves issue of 7551250 shares

The Board of Directors of SPML Infra Ltd in its meeting held on August 22, 2016, has approved the issue of 75,51,250 Equity Shares of Rs. 2/- each of the Company on preferential basis to the promoters / non promoters against conversion of loan, subject to the approval of shareholders at a price of Rs. 80.00 per Share or a price to be determined as per Regulation 76 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 on relevant date, whichever is higher.

Shares of SPML Infra Limited was last trading in BSE at Rs.68.7 as compared to the previous close of Rs. 75.85. The total number of shares traded during the day was 13735 in over 195 trades.

The stock hit an intraday high of Rs. 78.4 and intraday low of 68.3. The net turnover during the day was Rs. 980930.

Source : Equity Bulls

Keywords