Acquisitions26 Dec 2025, 01:06 pm
Lloyds Engineering Works Ltd Acquires Remaining 12% Stake in Techno Industries Private Limited for Rs. 22.70 Crore
AI Summary
Lloyds Engineering Works Ltd has approved the amendment to the Share Purchase Agreement for the acquisition of the remaining 12% stake in Techno Industries Private Limited. The company will acquire 14,99,999 equity shares at a face value of Rs. 10/- each for a consideration of Rs. 22.70 Crore. This will make Techno Industries Private Limited a wholly owned subsidiary of Lloyds Engineering Works Ltd.
Key Highlights
- Lloyds Engineering Works Ltd to acquire remaining 12% stake in Techno Industries Private Limited
- Acquisition consideration is Rs. 22.70 Crore
- Techno Industries Private Limited to become wholly owned subsidiary of Lloyds Engineering Works Ltd
- Techno Industries Private Limited is engaged in the business of manufacturing, marketing of pumps, motors and elevators
- The acquisition is of strategic nature and will help Lloyds Engineering Works Limited to expand its products offering