Lloyds Engineering shares rise 3% after announcing ₹987-cr rights issue

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Lloyds Engineering shares rise 3% after announcing ₹987-cr rights issue - Business Standard

Quick Summary:

The company's board has declared a rights Issue of 30,85,17,476 equity shares on a partly paid-up basis, aggregating up to ₹987.

The rights issue period is scheduled from Thursday, May 15, 2025, to Friday, May 30, 2025.

Lloyds Engineering designs, manufactures, and supplies heavy equipment, machinery, and systems for various industries, including hydrocarbons and oil & gas, steel plants, power plants, and nuclear plant boilers.