Simplex Infrastructures Gayatri Projects

EPC firm's balance sheets do not show negative net worth, says tribunal's Kolkata bench

On April 12, the board of Simplex Infra approved fund raise of up to Rs 421.80 crore by issuing shares and warrants to Swan Construction, a non-promoter group company on a preferential basis.

Simplex Infra surged nearly 8% to Rs 500, while Gayatri Projects rallied 7% to Rs 172 in intra-day.