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Punj Lloyd to raise Rs670 cr via QIP

Punj Lloyd to raise Rs670 cr via QIP
PTI
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First Published: Thu, Aug 06 2009. 11 36 AM IST
Updated: Thu, Aug 06 2009. 11 36 AM IST
Mumbai: Engineering firm Punj Lloyd on Thursday said that it will raise Rs670.18 crore by private placement of shares with qualified institutional buyers.
The company will issue 2.79 crore equity shares at Rs240.20 a piece, aggregating to Rs670.18 crore, Punj Lloyd said in a filing to the Bombay Stock Exchange (BSE).
The issue price includes a premium of Rs238.20 per equity share, the filing added.
Shares of Punj Lloyd were trading at Rs237 on the BSE, down 1.13% from the previous close.
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First Published: Thu, Aug 06 2009. 11 36 AM IST