ASI Industries Acquires Lloyds Engineering Shares for ₹4.81 Cr
ASI Industries Limited has acquired 5,00,000 equity shares of Lloyds Engineering Works Ltd for investment purposes, amounting to a total cost of ₹4.81 Crores. This acquisition represents 0.034% of the total shareholding in Lloyds Engineering Works Ltd. The transaction was conducted through the stock exchange and is considered an arm's length transaction. ASI Industries does not intend to acquire control of the target entity's management. Lloyds Engineering Works Ltd operates in the engineering sector, specializing in heavy equipment and machinery for various industries including Oil & Gas, Steel Plants, and Power Plants. The acquisition is aimed at reaping long-term and short-term investment benefits.
Key Highlights
- ASI Industries acquired 5,00,000 shares of Lloyds Engineering Works Ltd.
- Total acquisition cost was ₹4.81 Crores.
- The acquisition is for investment purposes, not for control.
- Lloyds Engineering Works operates in the heavy equipment manufacturing sector.
- The transaction was conducted via stock exchange at arm's length.
Price Impact
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