SPML Infra Ltd. approves S4A scheme

The Board of Directors of SPML Infra Ltd. in their Meeting held on 24th October, 2017 has approved the Scheme for Sustainable Structuring of Stressed Assets ('S4A') for the Company in terms of the SPML S4A Scheme / Resolution Plan as approved by the Overseeing Committee (OC) in its meeting held on 6th October, 2017 and approved the offer and Issue of Optionally Convertible Debentures (OCDs) of face value Rs.1,000/- each for a value not exceeding Rs.550 Crores on Preferential Basis to the Lenders against conversion of part of their loans as standing in the books of the Company, subject to the approval of the Members in the ensuing General Meeting of the Company.

Shares of SPML Infra Limited was last trading in BSE at Rs.156.85 as compared to the previous close of Rs. 157.3. The total number of shares traded during the day was 31013 in over 253 trades.

The stock hit an intraday high of Rs. 161.85 and intraday low of 154. The net turnover during the day was Rs. 4900685.

Source : Equity Bulls

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