SPML Infra board approves QIP up to Rs 1 bn
Source: IRIS | 19 Sep, 2014, 11.27AM
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SPML Infra, the infrastructure development company, announced that the board of directors of the company has approved raising of funds through QIP mode and sale of assets. The board evaluated the various options of fund raising available to the company and authorized the management to explore it. The board approved to sell of investments in the hydro power and road assets. It also approved for raising of funds through QIP Route for an amount to the extent of Rs 1 billion. Shares of the company gained Rs 5.75, or 6.74%, to trade at Rs 91. The total volume of shares traded was 18,588 at the BSE (11.16 a.m., Friday).
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