Punj Lloyd to raise Rs 814 cr through equity

New Delhi, Aug 16: Punj Lloyd Ltd today said it has decided to raise upto Rs 814 crore through the issue of 29,600,000 equity shares of Rs two each at the issue price of Rs 275 per equity share, by way of qualified institutional placement (QIP) offering.

This was decided through a special resolution passed by the shareholders in the Annual General Meeting of the company and the settlement date for the issue is expected to be August 21, 2007, said a statement.

Citigroup Global Markets India Pvt Ltd is acting as the Senior Global Coordinator and Book Running Lead Manager and Kotak Mahindra Capital Company is acting as the Global Coordinator and Book Running Lead Manager to the issue.

Punj Lloyd Limited is one of the leading engineering construction companies in India providing integrated design, engineering, procurement, construction and project management services for energy industry and infrastructure sector projects.

UNI