Acquisition of shares through Stock Exchange.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ASI Industries Ltd has purchased 30,000 equity shares of Lloyds Metals and Energy Ltd (LMEL) through the stock exchange on 16 March 2026 for a total consideration of Rs. 3.38 Crores in cash. The acquisition represents just 0.006% of LMEL's shareholding and is being held purely as an investment, with no intention to gain control of the target. LMEL is a large listed steel and mining company with a standalone turnover of Rs. 6,721.40 Crore and PAT of Rs. 1,450.95 Crore for FY25. The deal is not a related party transaction, was done at arm's length, and no promoter or group company of ASI Industries has any interest in LMEL.
This is a small treasury investment of Rs. 3.38 Crores (0.006% stake) in another listed company and is unlikely to have any meaningful impact on ASI Industries' financials or stock price. It signals surplus cash being deployed for short-term or long-term investment gains, with no strategic control motive.