The Vijay Kedia family increased its stake in SPML Infra by subscribing to a preferential issue worth ₹190 crore, the company announced this week. Manju Kedia, wife of ace investor Vijay Kedia, subscribed to 13,45,000 warrants in the water and energy infrastructure firm. Earlier in January 2026, Vijay Kedia had acquired 14,98,107 shares of SPML Infra through his firm Kedia Securities Ltd, according to livemint.com.
SPML Infra's board approved the capital raise through issuing preference shares and warrants, aiming to strengthen its financial position. The preferential issue attracted participation from the Kedia family, signaling confidence in the company’s growth prospects. Following the announcement, SPML Infra’s stock price declined 2.01% to ₹201.65 on the BSE, reflecting market reaction to the equity dilution, as reported by livemint.com.
SPML Infra has delivered multibagger returns of 1,734% over the past five years, making it a notable small-cap stock in the infrastructure sector. The preferential issue aligns with the company’s strategy to fund expansion in water and energy infrastructure projects. The involvement of the Kedia family, known for their investment acumen, adds credibility to SPML Infra’s growth trajectory and market positioning, per livemint.com.
SPML Infra’s next financial disclosures will reveal how the ₹190 crore raised through preference shares and warrants is deployed. The company’s stock performance and operational updates will be closely watched by investors following this capital infusion, according to livemint.com.