Engineering major Punj Lloyd today said it has raised Rs 670 crore through the issue of shares to institutional investors on a private placement basis.

The board has allotted 2.79 crore shares to qualified institutional buyers (QIBs) at a price of Rs 240.20 a piece, Punj Lloyd said in a statement to the Bombay Stock Exchange (BSE).

Also Read   Related Stories News Now - Punj Lloyd to raise Rs 670 cr via QIP - Engineering a bounceback - Punj Lloyd, Escorts, Castrol India Q1 result - Punj Lloyd Q1 net up 13%; to raise Rs 1,250 cr - Sesa Goa raises Rs 537 cr via share sale - Punj Lloyd JV bags order worth Rs 1,210 cr in Saudi Arabia

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New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end lower ahead of May F&O expiry - Parsvnath posts Rs 23 cr loss in Q4 - Educomp net down 57% at Rs 61 cr in Jan-Mar qtr - DLF Q4 net plunges 39% to Rs 211 cr - Provogue Q4 net profit down 71% at Rs 1.81 cr

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