Punj Lloyd announces preferential issue to Adani Infra
pre-market1 source ↓written by the desknot a recommendation
- at ₹2 each
- 5,00,000 equity shares
- totaling
- ₹10,00,000
Punj Lloyd Limited has approved a preferential issue of 5,00,000 equity shares at ₹2 each, totaling ₹10,00,000. This move supports the ongoing acquisition process by Adani Infra (India) Limited. The shares will be allocated to two designated allottees, enhancing the strategic partnership between the companies.
Not investment advice. For informational purposes only.