Announced Fri, 10 Apr · 16:38 IST
SPML Infra allots 8.5 lakh shares on warrant conversion to promoter group
SPMLINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.1%1-day move
₹189.00
prior close
₹187.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.3-0.9-0.4-0.9+4.1+3.3+12.2+13.5+12.7+17.5+18.0+9.0-0.3+1.5
Up moveDown movePending
AI summary
SPML Infra's board approved the allotment of 8,50,000 equity shares (face value Rs 2 each) at Rs 215 per share on a preferential basis to Niral Enterprises Pvt Ltd, a promoter group entity. The shares were issued upon exercise of rights attached to 8,50,000 warrants. Total issue value is approximately Rs 18.28 crore, including a premium of Rs 213 per share. The allotment complies with SEBI ICDR Regulations.
Likely market impact
Promoter group increases its stake in the company, signalling confidence; minor equity dilution for existing shareholders.