New Delhi, July 20 -- SPML Infra share price traded lower after the company announced that its Board of Directors has approved raising of Rs.190 crore by way of issuing preference shares and warrants. The small-cap stock declined as much as 2.01% to Rs.201.65 apiece on the BSE.

The water and energy infrastructure company, SPML Infra, said it has allotted 6,93,999 equity shares and 95,39,449 convertible warrants on a preferential basis, in a move aimed at raising fresh growth capital and converting existing debt into equity. The allotment was approved by the Board of Directors through a circular resolution passed on July 18, 2026.

The equity shares were issued at a price of Rs.186 per share, including a premium of Rs.184 per share, while...