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Lloyds Metals & Energy Ltd. ( (IN:LLOYDSME) ) has issued an update.
Lloyds Metals & Energy Ltd. has approved the allotment of 1,957,458 equity shares at an issue price of Rs. 1,460.50 per share on a preferential basis. This move is part of a strategic acquisition of a 49% shareholding in Thriveni Pellets Private Limited, enhancing Lloyds’ stake in the company. The allotment increases the company’s paid-up equity capital and is aimed at strengthening its market position. The newly allotted shares will soon be listed and traded on the stock exchanges.
More about Lloyds Metals & Energy Ltd.
Average Trading Volume: 21,821
Technical Sentiment Signal: Buy
Current Market Cap: 693B INR
See more insights into LLOYDSME stock on TipRanks’ Stock Analysis page.