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An update from Lloyds Metals & Energy Ltd. ( (IN:LLOYDSME) ) is now available.
Lloyds Metals & Energy Ltd. announced the acquisition of a 49.99% equity stake in Thriveni Pellets Private Limited and a 19.40% stake in Mandovi River Pellets Private Limited, indicating a strategic move to strengthen its presence in the pellet production industry. Additionally, the company has approved the issuance of non-convertible debentures up to Rs. 2,500 crores, signaling its intent to raise capital for further growth and expansion, potentially impacting its financial structure and stakeholder interests.
More about Lloyds Metals & Energy Ltd.
Lloyds Metals & Energy Ltd. operates in the metals and energy sector, focusing on the production and distribution of metal products and energy solutions. The company is involved in strategic acquisitions to enhance its market position and expand its operational capabilities.
Average Trading Volume: 33,493
Technical Sentiment Signal: Buy
Current Market Cap: 725.6B INR
For a thorough assessment of LLOYDSME stock, go to TipRanks’ Stock Analysis page.