Lloyds Engineering Works Fixes Rights Issue Price at ₹32 a Share to Drive Expansion

Lloyds Engineering Works Ltd has fixed the price of its forthcoming rights issue at ₹32 per share. The action is meant to raise new funds to help finance the company's business expansion, technological improvements, and working capital requirements as it looks to ride on India's infrastructure growth spurt.

Rights Issue Price Determined:

The board of Lloyds Engineering Works has sanctioned the rights issue price of ₹32 per equity share, making the issue appealing to current shareholders and reflecting the company's optimism regarding future performance.

Leadership Insights:

A Lloyds Engineering Works spokesperson said,

"Fixing the rights issue price at ₹32 per share demonstrates our resolve to reward shareholders while empowering the company to achieve aggressive growth projections."

 

Outlook:

With a well-valued rights issue and well-defined growth strategy, Lloyds Engineering Works Ltd can fortify its market position and compete fiercely in the engineering business.

 

Source: Company statement, stock exchange filings, April 16, 2025.