SPML Infra, the infrastructure development company, witnessed a rise in share prices on Friday after 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. Also approved for raising of funds through QIP route for an amount to the extent of Rs 1 billion.

Shares of the company are trading at Rs 90.60, up Rs 5.35, or 6.28% at the Bombay Stock Exchange (BSE) on Friday at 11:19 a.m.

The scrip has touched an intra-day high of Rs 93 and low of Rs 88.60. The total volume of shares traded at the BSE is 18,638.