Deals23 May 2025, 01:21 pm
Lloyds Enterprises Ltd Sells Equity Shares of Subsidiary for Rs. 129.98 Crores
AI Summary
Lloyds Enterprises Limited has sold 2,68,00,000 Equity Shares of Lloyds Engineering Works Limited to Thriveni Earthmovers Private Limited for Rs. 129.98 Crores. This constitutes 2.30% of the Equity Share Capital of LEWL. The transaction was carried out through a 'Block Deal' by the investment arm of Mr. Balasubramanian Prabhakaran.
Key Highlights
- Lloyds Enterprises Ltd sold 2,68,00,000 Equity Shares of Lloyds Engineering Works Limited
- The transaction amounted to Rs. 129.98 Crores
- This represents 2.30% of the Equity Share Capital of LEWL
- The buyer is Thriveni Earthmovers Private Limited, investment arm of Mr. Balasubramanian Prabhakaran
- The deal was conducted through a 'Block Deal'