Lloyds Engineering Works Ltd to Acquire 11% Additional Stake in Techno Industries Private Limited for Rs. 25 Crores

Lloyds Engineering Works Ltd has approved the acquisition of 13,75,000 Equity shares in Techno Industries Private Limited for a consideration of Rs. 25,00,00,000. This acquisition will help Lloyds Engineering Works Limited to expand its products offering to include Electrical Engineering products - primarily pumps, motors and elevators. Techno Industries Private Limited was incorporated on 1st May 2000 and is engaged in the business of manufacturing and marketing of pumps, motors and elevators. The company's turnover in FY 2023-24 is 16756 Lakhs, FY 2022-23 was 14,833 Lakhs and in FY 2021-22 Rs.13,149 Lakhs.