Lloyd Electric & Engineering board to discuss raising convertible funds

By Tali Rackner

Norfolk, Va., Dec. 15 – Lloyd Electric & Engineering Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Dec. 22, inter alia, and consider raising convertible funds.

The funds could also be issued through qualified institutional placement, equity shares through convertible bonds, depository receipts and/or any other instrument convertible or exchangeable into equity shares and/or other securities with or without warrants.

Lloyd Electric manufactures and sells heat exchangers and evaporator coils for the heating, ventilation, air conditioning and refrigeration industry. It is based in New Delhi, India.

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