Acquisitions8 Oct 2026, 06:30 pm
Lloyds Metals completes ₹606.76 Cr stake acquisition in TEIL
AI Summary
Lloyds Metals and Energy Ltd has completed the acquisition of equity stake in its subsidiary, Thriveni Earthmovers and Infra Private Limited (TEIL). The company invested ₹606.76 Crores (Rupees Six Hundred and Six Crores and Seventy-Six Lakhs Only) by subscribing to rights issue/further issue of capital. The allotment of 3,50,00,000 equity shares of TEIL has been duly credited to Lloyds Metals and Energy Limited's demat account on October 8, 2026. This marks the finalization of the investment in the subsidiary.
Key Highlights
- Acquisition of equity stake in subsidiary TEIL completed.
- Total consideration for the investment was ₹606.76 Crores.
- 3.50 Crore equity shares of TEIL have been allotted.
- Shares credited to the company's demat account on October 8, 2026.
Price Impact
More from LLOYDSME