Lloyds Metals Approves ₹3,000 Cr NCD Issuance, USD 130M Notes

Lloyds Metals and Energy Ltd's Board of Directors approved the issuance of Non-Convertible Debentures (NCDs) up to ₹3,000 Crore on a private placement basis. Additionally, the company received approval for raising funds up to USD 130 million through USD-denominated Notes and/or other debt securities, with an option to upsize by an additional USD 50 million. The Board also approved the cancellation of a previously proposed NCD issuance of ₹600 Crore, while an earlier approval for NCDs aggregating up to ₹950 Crore remains unaffected. The NCDs are proposed to be listed on BSE and NSE.