Acquisitions26 Dec 2025, 06:55 pm
Lloyds Enterprises Ltd Acquires Remaining 12% Stake in Techno Industries Private Limited for Rs. 22.70 Crore
AI Summary
Lloyds Enterprises Ltd (LEWL) has amended the Share Purchase Agreement for the acquisition of the remaining 12% equity stake in Techno Industries Private Limited (TIPL). The amended agreement pertains to the acquisition of 14,99,999 equity shares of TIPL, having a face value of Rs. 10/- each, for a total consideration of Rs. 22.70 Crore. This acquisition will make TIPL a wholly owned subsidiary of LEWL, thereby making TIPL a step-down subsidiary of Lloyds Enterprises Limited.
Key Highlights
- Lloyds Engineering Works Limited (LEWL) to acquire the remaining 12% equity stake in Techno Industries Private Limited (TIPL) for a total consideration of Rs. 22.70 Crore.
- TIPL is engaged in the business of manufacturing, marketing of pumps, motors and elevators.
- After the acquisition, TIPL will become a wholly owned subsidiary of LEWL.
- Techno Industries Private Limited was incorporated in 2000 and has a history of last 3 years turnover of approximately Rs. 15,504.40 lakhs (2024-25), Rs. 16,756 lakhs (2023-24), and Rs. 14,833 lakhs (2022-23).
- The acquisition is of strategic nature and will help LEWL to expand its products offering to include Electrical Engineering products — primarily pumps, motors and elevators.