Engineering firm Punj Lloyd today said it will raise Rs 670.18 crore by private placement of shares with qualified institutional buyers.
The company will issue 2.79 crore equity shares at Rs 240.20 a piece, aggregating to Rs 670.18 crore, Punj Lloyd said in a filing to the Bombay Stock Exchange.
The issue price includes a premium of Rs 238.20 per equity share, the filing added.
Shares of Punj Lloyd were trading at Rs 237 on the BSE, down 1.13 per cent from the previous close.
