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Lloyds Metals & Energy Ltd. ( (IN:LLOYDSME) ) just unveiled an announcement.
Lloyds Metals & Energy Ltd. has completed the acquisition of a 49.99% equity stake in Thriveni Pellets Private Limited (TPPL). This acquisition was facilitated through the issuance of 19,57,458 equity shares on a preferential basis to Adler Industrial Services Private Limited, a promoter shareholder of TPPL. The transaction, which involved a share swap, has increased Lloyds Metals & Energy Ltd.’s paid-up equity capital and positions the company to strengthen its market presence. The company will seek listing and trading approval for the newly allotted shares.
More about Lloyds Metals & Energy Ltd.
Average Trading Volume: 21,821
Technical Sentiment Signal: Buy
Current Market Cap: 693B INR
Find detailed analytics on LLOYDSME stock on TipRanks’ Stock Analysis page.