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The board of Lloyd Electric & Engineering has allotted 60 lakh warrants at a price of ₹152 apiece to entities belonging to the promoter group. The warrants allow for subscription of an equivalent number of equity shares of ₹10 each (including premium of ₹142 a share). The allottees are Pandit Kanahaya Lal Punj Pvt Ltd (16 lakh), Himalayan Mineral Waters (16 lakh), Lloyd Stocks & Investments Pvt Ltd (8 lakh), Lloyd Credit (8 lakh), Lloyd Manufacturing Pvt Ltd (6 lakh) and Perfect Radiators & Oil Coolers Pvt Ltd (6 lakh). Shares of Lloyd Electric slipped 3.5 per cent at ₹154.10 on the NSE.
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