Engineering firm Punj Lloyd today said it will raise Rs 670.18 crore by private placement of shares with qualified institutional buyers.

The company will issue 2.79 crore equity shares at Rs 240.20 a piece, aggregating to Rs 670.18 crore, Punj Lloyd said in a filing to the Bombay Stock Exchange.

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Shares of Punj Lloyd were trading at Rs 237 on the BSE, down 1.13 per cent from the previous close.

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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