Lloyds Engineering Works Limited has raised ₹99 crores by way of a Rights Issue.

Mark Corporate Advisors Private Limited and Pioneer Investcorp Limited were the lead managers to this Rights Issue.

Rajani Associates advised Lloyds Engineering in this transaction.

The transaction team consisted of Sangeeta Lakhi (Senior Partner), Pearl Boga (Principal Associate), Karen Issac (Senior Associate) and Niharika Payannavar (Associate).

Legal Diligence Team: Pearl Boga (Principal Associate), Karen Issac (Senior Associate), Rashi Rajani (Senior Associate), Niharika Payannavar (Associate) and Kriti Bhatt (Associate)

Associates Ruchi Sethna and Anjali Dhoot assisted in transaction agreements and litigation.

Lloyds Engineering provides engineering and infrastructure solutions, encompassing designing, engineering, manufacturing, fabrication, and installation of heavy equipment, as well as machinery and systems for customers of the hydrocarbon (oil & gas) sector, steel processing industries, captive power plants used in steel plants, marine sector, ports, heat exchangers being used by nuclear power plants as well as other projects.

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