Simplex Infrastructures allotted 11.73 lakh new equity shares at Rs. 294 each.

Simplex Infrastructures LimitedSIMPLEXINF · Filed with the exchange

This includes 10 lakh shares worth Rs. 29.40 Cr to ICICI Bank, converting outstanding debt via a one-time settlement.

Additionally, 1.73 lakh shares worth Rs. 5.09 Cr were allotted to NARCL, converting their loan to maintain a 15% stake, aligning with a restructuring agreement.

This significant debt-to-equity conversion strengthens the balance sheet and is a key step in financial restructuring.

Read the original filing(PDF)

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Simplex Infrastructures allotted 11.73 lakh new equity shares at Rs. 294 each.

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