StockWatch
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Industrial Minerals
Acquisitions10 Oct 2026, 03:28 pm

ASI Industries Acquires Lloyds Enterprises Shares for ₹3.03 Cr

AI Summary

ASI Industries Limited has acquired equity shares of Lloyds Enterprises Limited for investment purposes. The acquisition, completed on October 9, 2026, involved purchasing an additional 4,10,000 shares, bringing the total shareholding to 5,00,000 shares, representing 0.033% of the total share capital. The total cost of this acquisition was ₹3.03 Crores. Lloyds Enterprises is engaged in iron and steel trading, investments, and diversified business activities. ASI Industries does not intend to acquire control of the target entity's management. The acquisition is considered an arm's length transaction and does not involve related parties.

Key Highlights

  • ASI Industries acquired 4,10,000 shares of Lloyds Enterprises.
  • Total investment cost for the acquisition is ₹3.03 Crores.
  • Post-acquisition, ASI Industries holds 0.033% of Lloyds Enterprises.
  • Acquisition is for investment purposes, not for control.
  • Transaction is an arm's length deal with no related party interest.