Lloyds Enterprises Ltd. has set Aug 14 as the record date to determine the shareholders eligible for the Rs 992 crore right entitlement. The company will issue the equity shares to the shareholders in 1:5 ratio, according to an exchange filing. It will issue 25.4 crore of equity shares in partly paid-up format.
"The rights equity shares are priced at Rs 39 each, with Rs 19.5 payable on application and the remaining Rs 19.5 to be paid in one or more subsequent calls on or before March 31, 2027," said Llyods Enterprises.
The company said that the rights issue marks a strategic step toward unlocking value in the high growth real estate subsidiary (with a 60% stake), Lloyds Realty Developers Limited (LRDL). The issue comprises 25.44 crore equity shares on a partly paid basis.
The net proceeds from the rights issue will be used to subscribe to non convertible debentures (NCDs) of LRDL, which will utilise the funds for real estate development, land acquisition, debt repayment, and strategic investments through its subsidiaries and affiliates.
Llyods Enterprises Rights Issue: Key Dates
Record Date: August 14, 2025 – for determining the eligibility of shareholders entitled to receive the rights entitlements.
Rights Entitlement Ratio (1:5): One rights equity shares for every five fully paid-up equity shares held by eligible shareholders.
Payment Structure: Rs. 19.50 on application. Remaining Rs. 19.50 through subsequent calls (to be completed by March 31, 2027)
Rights Issue Opening Date: August 25, 2025
Rights Issue Closing Date: September 08, 2025
This rights issue presents an opportunity for existing shareholders to increase their stake in the company at a predetermined price. It also allows Lloyds Enterprises to raise substantial capital, potentially for expansion, debt reduction, or other strategic initiatives. Shares of Llyods Enterprises settled 1.11% lower at Rs 84 apiece on the exchanges.
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