Acquisitions27 Oct 2026, 06:30 pm
Lloyds Metals Enters Agreements for Amplus Green Energy Acquisition
AI Summary
Lloyds Metals and Energy Limited (LMEL) has entered into Share Subscription and Shareholders Agreements (SSSHA) and Power Purchase Agreements (PPA) with Amplus Green One Power Private Limited, Amplus Energy One Private Limited, and Amplus Ceres Solar Private Limited. These agreements are in furtherance to the company's earlier disclosure on August 10, 2026, regarding the acquisition of a minimum 26% stake under the Group Captive Scheme in these entities. The details required by SEBI regulations were previously provided and are available on the company's website.
Key Highlights
- LMEL signs agreements for stake acquisition in three Amplus solar entities.
- Acquisition is part of the Group Captive Scheme.
- Agreements include Share Subscription, Shareholders, and Power Purchase.
- Furtherance to board approval dated August 10, 2026.
Price Impact
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