Acquisition of shares through Stock Exchange.
Price
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ASI Industries Ltd has purchased 30,000 equity shares (0.006% stake) of Lloyds Metals and Energy Ltd through the stock exchange for investment purposes. The total cost of acquisition was Rs. 0.65 crore, with 25,000 shares bought on 15/05/2025 and the remaining on 16/05/2025. The target company, Lloyds Metals and Energy Ltd, operates in the steel and mining sector and reported a turnover of Rs. 6,721.40 crore and PAT of Rs. 1,450.95 crore for FY25. The transaction is not a related party deal, was done at arm's length, and ASI Industries has clarified it does not intend to acquire control of the target company.
This is a minor treasury investment (Rs. 0.65 crore, just 0.006% stake) with no control intent, so it is unlikely to have any material impact on ASI Industries' business or stock price. It signals deployment of surplus cash into a sector-adjacent listed entity.