Lloyds Enterprises Extends Rights Issue Deadline: Key Details and Impact
Lloyds Enterprises has extended the closing date of its rights issue to September 9, 2025, due to a holiday. The company aims to raise approximately ₹992.26 crore to reinforce its leadership in the Mumbai Metropolitan Region (MMR) real estate market.
Lloyds EnterprisesRights IssueReal EstateMumbaiFundraisingReal Estate MumbaiSep 05, 2025
The rights issue, which initially opened on August 25, 2025, and was scheduled to close on September 8, 2025, has been extended to accommodate the holiday. In a regulatory filing on August 4, 2025, Lloyds Enterprises stated, “We bring to your kind notice that the Right Issue Period for the captioned Rights Issue Offer which was scheduled from August 25, 2025 till September 08, 2025, has now been extended till September 09, 2025 on account of holiday falling on September 08, 2025 for Id-E-Milad, which was earlier scheduled on September 05, 2025.”
The window for Lloyds Enterprises' share rights issue will now remain open until September 9, 2025. The Board of Directors of Lloyds Enterprises had previously approved a Rights Issue of equity shares to raise approximately ₹992.26 crore, marking a strategic move to unlock value in its high-growth real estate subsidiary, Lloyds Realty Developers Limited (LRDL), in which it holds a 60% stake. The issue comprises 25.44 crore equity shares on a partly paid basis.
Lloyds Enterprises, as the investment holding platform of the Lloyds Group, continues to act as a catalyst for scalable, capital-efficient growth. The current fundraising is primarily aimed at reinforcing its leadership in the Mumbai Metropolitan Region (MMR) real estate market by channeling proceeds into LRDL through structured subscriptions to Non-Convertible Debentures (NCDs).
Here are the key details of Lloyds Enterprises Rights Issue:
Lloyds Enterprises Rights Issue Details:
The Rights Equity Shares are priced at ₹39 each, with ₹19.5 payable on application and the remaining ₹19.5 to be paid in one or more subsequent calls on or before March 31, 2027.
Lloyds Enterprises Rights Issue Opening Date: August 25, 2025
Lloyds Enterprises Rights Issue Closing Date: September 09, 2025
Lloyds Enterprises Rights Issue Record Date: August 14, 2025 – for determining the eligibility of shareholders entitled to receive Rights Entitlements.
Lloyds Enterprises Rights Entitlement Ratio (1:5): 1 rights equity share for every 5 fully paid-up equity shares held by eligible equity shareholders as on the Record Date.
The net proceeds from the Rights Issue will be used to subscribe to NCDs of LRDL, which will utilize the funds for real estate development, land acquisition, debt repayment, and strategic investments through its subsidiaries and affiliates. While the Rights Issue proceeds are not earmarked for all of these projects, they reflect the long-term monetization potential of the platform.
At 2:50 PM, Lloyds Enterprises share price was trading 4.88% higher at ₹74.00 apiece on the BSE.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Frequently Asked Questions
What is the new closing date for Lloyds Enterprises' rights issue?
The new closing date for Lloyds Enterprises' rights issue is September 9, 2025, due to a holiday for Id-E-Milad on September 8, 2025.
How much is Lloyds Enterprises aiming to raise through the rights issue?
Lloyds Enterprises aims to raise approximately ₹992.26 crore through the rights issue.
What is the price of the rights equity shares?
The rights equity shares are priced at ₹39 each, with ₹19.5 payable on application and the remaining ₹19.5 to be paid in one or more subsequent calls on or before March 31, 2027.
What is the rights entitlement ratio?
The rights entitlement ratio is 1:5, meaning shareholders will receive 1 rights equity share for every 5 fully paid-up equity shares they hold.
What will the proceeds from the rights issue be used for?
The proceeds from the rights issue will be used to subscribe to NCDs of Lloyds Realty Developers Limited (LRDL), which will utilize the funds for real estate development, land acquisition, debt repayment, and strategic investments through its subsidiaries and affiliates.
Related News Articles
MahaRERA's New Guidelines: Enhanced Protection for Homebuyers in Maharashtra
From July 1, developers in Maharashtra will be required to maintain designated bank accounts to ensure transparency and accountability in financial operations of housing projects.
Union Budget 2024-25: Real Estate Sector's Expectations for Growth and Stability
Industry leaders highlight the need for enhanced tax incentives, simplified project approvals, and incentives for affordable housing to drive growth and stability in the real estate sector.
Visakhapatnam's Erra Matti Dibbalu: A Geological Heritage Site in Peril
Real estate ventures, film shoots, and lack of protection threaten the existence of Erra Matti Dibbalu, a unique natural wonder in Visakhapatnam.
Indian Real Estate Market Sees 11% Drop in New Launches, 18% Decline in Sales in Top-9 Cities
New housing launches and sales in top-9 cities in India saw a decline of 11% and 18% respectively in the third quarter of 2024. Hyderabad and Navi Mumbai witnessed a decline in supply and absorption of apartments.
Wave City Unveils 'Eden', a Luxury Residential Project in North India
Wave City, North India's first operational Hi-tech City, has launched its latest premium residential project, 'Eden', offering 3 BHK apartments with state-of-the-art amenities.
Maharashtra Assembly Election Results 2024: Complete List of Winners and Constituencies
Get the latest updates on the Maharashtra Assembly Election results 2024, including a full list of Winners and their constituencies. Stay informed about the political landscape in Mumbai, Pune, Nagpur, and other key regions.