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Lloyds Engineering Works Limited (Scrip Code 539992, Symbol LLOYDSENGG) allotted 7,00,42,458 equity shares at ₹71.25 each (₹1 face + ₹70.25 premium), raising ₹499.05 crore to acquire 1,66,35,087 shares of Steel Infra Solutions Company Limited (SISCOL) via a share‑swap with 26 non‑promoter investors.
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A separate cash issue allotted 7,00,000 shares at ₹71.25 each, bringing in ₹4.9875 crore from Prime Securities Limited (non‑promoter).
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Post‑allotment paid‑up equity capital increased from ₹147.87 crore (148,02,96,454 shares) to ₹154.95 crore (155,10,38,912 shares).
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The combined raise totals ≈₹504 crore, expanding the equity base and securing a strategic stake in SISCOL, potentially broadening Lloyds Engineering’s product portfolio and market reach.
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In‑principle approvals were obtained from BSE Limited (Letter LOD/PREF/MV/FIP/635/2026‑27) and National Stock Exchange of India Limited (Letter NSE/LIST/55917) on 7 Aug 2026; the meeting concluded at 6:05 pm on 17 Aug 2026, signed by Whole‑Time Director Mukesh Rajnarayan Gupta.
Lloyds Engineering's preferential issue is expected to give a modest boost to the share price as the market views the strategic SISCOL acquisition positively, though dilution concerns keep the upside limited.
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Forecast from comparable, historic events. Not investment advice.
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