Investment21 Mar 2024, 11:21 pm
Lloyds Metals and Energy Ltd. to Raise INR 50 Billion for CAPEX Program Without Debt
AI Summary
Lloyds Metals and Energy Ltd. held a Board Meeting where an enabling resolution was passed to fundraise up to INR 50 billion for an ambitious CAPEX program. The company intends to raise funds without resorting to debt and in a capital-efficient manner. The board also suggested minimizing dilution of promoter holding.
Key Highlights
- Lloyds Metals and Energy Ltd. to raise INR 50 billion for CAPEX
- Fundraising plan approved without resorting to debt
- Board suggested minimizing dilution of Promoter Holding
- Funds to be raised in a capital-efficient manner
- Further details to be shared with investors and stakeholders