📢 Lloyds Engineering Shares Rise 3% on ₹987 Cr Rights Issue Announcement
Stock Performance:
- 📈 Lloyds Engineering rose 3.16% to ₹62.99 on the NSE (intra-day, April 17, 2025)
- 🕑 At 2:15 PM, shares traded at ₹62.41, up 2.26% from previous close
- 📊 Approx. 4.3 million shares changed hands on NSE & BSE, valued at ₹26.5 crore
- 📉 YTD, shares are still down ~20%
Rights Issue Details:
- 🏦 Total Issue Size: ₹987.25 crore
- 🧾 Rights Issue Price: ₹32 per share (fully paid-up), incl. ₹31 premium
- 🔄 Entitlement Ratio: 9 rights shares for every 34 held
- 📅 Record Date: Monday, April 28, 2025
- 📆 Issue Period: May 15 – May 30, 2025
- 💼 Shares to be issued on a partly paid-up basis
About the Company:
- Lloyds Engineering provides heavy equipment and turnkey project services for:
🔹 Oil & Gas
🔹 Steel plants
🔹 Power & Nuclear sectors - Services include design, fabrication, supply, erection & commissioning
Market Context:
- 🔺 Sensex: 78,395 (+1,350 pts | +1.75%)
- 🔺 Nifty50: 23,825 (+388 pts | +1.66%)
