Lloyds Engineering Works has informed that the company (LEWL) has received multiple investor queries expressing opinions on the preferential issue by the company. The company has clarified that the preferential issue is only for the acquisition of Techno Industries Private Limited and to the promoters of Techno Industries Private Limited. LEWL is taking a majority controlling interest in that company. Simultaneously, the company is also evaluating various fundraising options & it will be mostly via Rights Issue.
The above information is a part of company’s filings submitted to BSE.
