Supreme Infrastructure India Limited has informed the Exchange regarding Outcome of Board Meeting held on July 03, 2025.
SUPREMEINF · price
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Supreme Infrastructure India has allotted equity shares and convertible warrants on a preferential basis at Rs. 86.94 per share (face value Rs. 10, premium Rs. 76.94). This includes 98.34 lakh shares to promoters for cash (~Rs. 85.5 crore), 2.96 crore shares to non-promoter investors for cash (~Rs. 257.6 crore), 1.27 crore warrants to promoters (~Rs. 110 crore) and 94.6 lakh warrants to non-promoters (~Rs. 82.25 crore). Additionally, 2.70 crore shares were issued to promoters by converting unsecured loans (~Rs. 235 crore) and 45.4 lakh shares to lender banks (Union Bank, Bank of India, SBI) by converting secured loans (~Rs. 39.5 crore). Notable institutional investors include Kitara funds and Ovata Equity Strategies. Promoters will also separately infuse funds via monetisation of non-core assets for lender debt resolution.
This leads to significant equity dilution for existing shareholders, but brings in marquee institutional investors and converts a large chunk of debt (both promoter loans and bank debt) into equity, which may strengthen the balance sheet and signal promoter commitment to debt resolution.