Lloyds Engineering Works Ltd allots 6,34,64,610 Equity Shares through rights issue

Pursuant to the finalisation of the Basis of Allotment of the Rights Issue, in consultation with the Designated Stock Exchange, BSE Limited, the Board of Directors of Lloyds Engineering Works Limited (formerly known as Lloyds Steels Industries Limited) at its meeting held today, i.e., 18th January, 2024, considered and approved the allotment of 6,34,64,610 Equity Shares at a price of ₹15.50 per Equity Share (including a premium of ₹1 per Equity Share) ("Allotment").

Accordingly, pursuant to the Allotment, the paid-up equity share capital of the Company has increased from ₹ 1,07,88,98,382 to ₹1,14,23,62,992.

Further, the Board also approved the increase in FD / OD facility with HDFC Bank not exceeding an amount of ₹ 125 Crores.

Shares of Lloyds Engineering Works Limited was last trading in BSE at Rs. 43.70 as compared to the previous close of Rs. 43.71. The total number of shares traded during the day was 230524 in over 1598 trades.

The stock hit an intraday high of Rs. 45.25 and intraday low of 42.85. The net turnover during the day was Rs. 10098039.00.

Source : Equity Bulls

Keywords

LloydsEngineeringWorks INE093R01011 SharesAllotment RightsIssue