ASI Industries Acquires Lloyds Engineering Shares for ₹4.48 Cr

ASI Industries Limited has acquired 5,00,000 equity shares of Lloyds Engineering Works Ltd for an investment purpose, totaling an additional 5,00,000 shares on October 22, 2026. The total cost of this acquisition amounted to ₹4.48 Crores. Following this transaction, ASI Industries now holds 10,00,000 shares, representing 0.064% of the total share capital of Lloyds Engineering Works Ltd. The acquired entity specializes in heavy equipment and machinery for various industries including hydrocarbon, oil & gas, and power plants. ASI Industries does not intend to acquire control over the management of the target entity and views this as a long-term/short-term investment opportunity.