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SPML Infra zooms 20% on successful implementation of S4A scheme

The stock locked in upper circuit of 20% at Rs 161 on the BSE after the company announced the successful implementation of Scheme for Sustainable Structuring of Stressed Assets

SPML Infra zooms 20% on successful implementation of S4A scheme
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SI Reporter Mumbai
SPML Infra was locked in upper circuit of 20% at Rs 161 on the BSE after the company announced the successful implementation of Scheme for Sustainable Structuring of Stressed Assets (S4A).

Till 01:41 PM; a combined 618,133 shares changed hands and there were pending buy orders for 62,508 shares on the BSE and NSE.

“The S4A scheme of the company has been signed yesterday evening i.e. 1st November 2017 with the Super Majority of Lender Banks. This marks a successful implementation of the S4A Scheme for SPML Infra,” the company said in a statement on Thursday.

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