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Lloyds Engineering Works Ltd ( (IN:LLOYDSENGG) ) has shared an announcement.
Lloyds Engineering Works Limited has announced a Rights Issue of equity shares, offering up to 30,85,17,476 partly paid-up shares at a price of ₹32 per share. This initiative aims to raise approximately ₹98,725.59 lakhs, with the funds likely to support the company’s growth and operational strategies. The Rights Issue is set to open on May 15, 2025, and close on May 30, 2025, with a ratio of 9 rights equity shares for every 34 fully paid-up equity shares held by eligible shareholders. The move is expected to strengthen the company’s financial position and enhance its market presence.
More about Lloyds Engineering Works Ltd
Lloyds Engineering Works Limited, formerly known as Lloyds Steels Industries Limited, operates in the engineering sector. The company has undergone several name changes and restructuring since its incorporation in 1994, including a significant demerger in 2015. It is listed on both the BSE and NSE, with its operations focused on providing engineering solutions.
YTD Price Performance: -8.14%
Average Trading Volume: 632,609
Current Market Cap: 83.4B INR
Learn more about LLOYDSENGG stock on TipRanks’ Stock Analysis page.