SPML Infra allots 6.94 lakh shares and 95.39 lakh warrants at Rs 186 each
SPMLINFRA · price
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SPML Infra allotted 6,93,999 equity shares at Rs 186 each and 95,39,449 warrants at Rs 186 each on preferential basis. Includes 3,09,141 shares to non-promoters raising Rs 5.75 Cr, 3,84,858 shares to NARCL via Rs 7.16 Cr loan-to-equity conversion, and warrants to promoter and non-promoter groups with Rs 44.36 Cr upfront (25 percent of total warrant value). Warrants convertible into equity within 18 months. Key allottees include NARCL, Classic Fintrex, and Zoom Industrial Services.
Equity dilution from preferential issue and future warrant conversion. NARCL loan conversion reduces debt. Fresh capital may support business growth.