Lloyd Electric

New Delhi, Jan 2 (UNI) Lloyd Electric&Engineering Ltd today said, subject to shareholders' approval, it will increase the limit of investment by foreign institutional investors to 74 per cent of the paid-up equity share capital of the company.

The board of directors of the company in its meeting today approved the increase in the limit of investment by FIIs.

The company will convene an extra-ordinary general meeting of the shareholders on February 2, 2007, to get their approval on the increase in FII limit to 74 per cent.

UNI