Acquisition of shares through Stock Exchange.
Price
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ASI Industries Ltd has bought 25,000 equity shares (0.005% stake) of Lloyds Metals and Energy Ltd (LMEL) for Rs. 3.33 Crores in cash, entirely through the stock exchange. The purchase is described as a pure investment to earn long-term or short-term returns, with no intention to take control of LMEL's management. LMEL operates in the steel and mining sector, was incorporated in 1977, and reported a standalone turnover of Rs. 6,721.40 Crore and profit after tax of Rs. 1,450.95 Crore for FY25. The deal is not a related-party transaction and has been done at arm's length.
This is a small treasury-style investment (less than 0.01% stake) and is unlikely to have any meaningful impact on ASI Industries' stock price or operations. Shareholders may note that the company is parking cash in a large mining/steel player, but no strategic or control implications are indicated.