SPML Infra Ltd approves allotment of 2,19,300 OCDs

In terms of the Scheme for Sustainable Structuring of Stressed Assets ('S4A') for SPML Infra Ltd as approved by the Overseeing Committee (OC) in its meeting held on 6th October, 2017 and also pursuant to the approval of the Shareholders accorded in the Extraordinary General Meeting held on 20th November 2017, the Committee of Directors in its meeting held today i.e. 12th December 2017 has approved allotment of 2,19,300 Optionally Convertible Debentures (OCDs) of face value of Rs.1000/- each to the remaining Lender Banks to complete the issuance of OCDs to all the Lenders Banks under the SPML S4A Scheme.

Shares of SPML Infra Limited was last trading in BSE at Rs.150.5 as compared to the previous close of Rs. 151.4. The total number of shares traded during the day was 159881 in over 418 trades.

The stock hit an intraday high of Rs. 155 and intraday low of 149.05. The net turnover during the day was Rs. 24448445.

Source : Equity Bulls

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