Lord's Mark Industries to issue 1,028,483 shares to Bennett, Coleman and Co. at Rs. 158 each
India-listed Lord's Mark Industries Limited (SUS) said it will issue 1,028,483 equity shares to Bennett, Coleman and Co., the parent company of The Times of India, at Rs. 158 per share. The issuance will be carried out under a share and warrant subscription agreement signed between the two parties. The company said the transaction reflects a strategic investor’s recognition of its value and is a non-public equity financing action with implications for SUS’s capital structure, expectations around control, and secondary-market sentiment.