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SPML Infra Limited ( (IN:SPMLINFRA) ) just unveiled an announcement.
SPML Infra Limited has announced the allotment of 562,303 equity shares following the exercise of rights attached to convertible warrants. This strategic move, approved by the Board of Directors, involves the conversion of warrants at a premium price, indicating a strengthening of ties with Zoom Industrial Services Ltd, a member of the promoter group. This development aligns with regulatory requirements and is expected to enhance SPML Infra’s capital structure, potentially impacting its market positioning and stakeholder interests positively.
More about SPML Infra Limited
SPML Infra Limited operates in the infrastructure sector, focusing on providing comprehensive engineering and construction services. The company is involved in various projects related to water management, power, and environmental solutions, catering to both public and private sectors.
Average Trading Volume: 63,589
Technical Sentiment Signal: Buy
Current Market Cap: 17.57B INR
For an in-depth examination of SPMLINFRA stock, go to TipRanks’ Overview page.