Announced Thu, 18 Jun · 14:58 IST
Lloyds Engineering Works to Issue Shares on Preferential Basis
Fund Raising View source PDF
LLOYDSENGG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹88.23
prior close
₹84.37
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.0+1.2+1.2-0.6-1.4+2.7-0.5-2.3-3.8-1.8+2.6+3.5——
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AI summary
Lloyds Engineering Works has informed the stock exchange about a proposed preferential issue of shares. In a preferential allotment, shares are issued to select investors at a price fixed by the company, rather than through a public offer. The filing confirms the company's intent but does not disclose the issue size, price, or the names of the allottees in this headline.
Likely market impact
Preferential issues raise capital but dilute existing shareholders. Impact on stock depends on issue price and the identity of incoming investors.