Investment20 Jul 2026, 01:27 pm
ASI Industries Acquires Lloyds Engineering Shares for Investment
AI Summary
ASI Industries Ltd has acquired equity shares of Lloyds Engineering Works Ltd for investment purposes. The acquisition, totaling ₹5.27 Crores for 6,05,291 shares (0.041% stake), occurred on July 17, 2026. ASI Industries does not intend to gain control of Lloyds Engineering's management. Lloyds Engineering specializes in heavy equipment and machinery for various industries. The target entity's standalone turnover was ₹1052.22 Crore, PAT ₹118.27 Crore, and Net worth ₹1595.31 Crore as of March 31, 2026. The acquisition is considered an arm's length transaction.
Key Highlights
- ASI Industries acquired 0.041% stake in Lloyds Engineering for ₹5.27 Cr.
- Acquisition is for investment purposes, not for control.
- Lloyds Engineering is in heavy equipment manufacturing.
- Target entity had ₹1052.22 Cr turnover as of March 31, 2026.
Price Impact
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