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| Exchange Disseminated Time 23/08/2016 11:42:31 | SPML Infra Ltd has informed BSE that the Board of Directors of the Company in its meeting held on August 22, 2016, inter alia, has approved the following:-
- Issuance of 75,51,250 Equity Shares of Rs. 2/- each of the Company on preferential basis to the promoters / non promoters against conversion of loan, subject to the approval of shareholders at a price of Rs. 80.00 per Share or a price to be determined as per Regulation 76 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 on relevant date, whichever is higher. |
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