Lloyds Enterprises Limited has informed the Exchange about LLP Agreement.
LLOYDSENT · price
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Lloyds Enterprises Limited has acquired a 50% partnership interest in Prakar Estates And Promoters LLP by investing Rs. 140 Crore in cash. The LLP holds a 63.17% stake in Geomysore Services India Pvt Ltd, the developer of what the company describes as India's rare gold mining project. This gives Lloyds Enterprises an effective 31.58% strategic stake in Geomysore. The LLP is in the mining industry, focused on gold exploration, extraction, and processing, with total capital contribution of Rs. 318.95 Crores. The LLP had no revenue in FY25 or earlier years, and the deal is not a related party transaction. The acquisition is expected to be completed before 15th July 2025.
This is a significant diversification move into gold mining for shareholders, with Rs. 140 Crore deployed through a new business vertical. Since the target entity currently generates no revenue, the deal is speculative and long-term in nature, and the stock could react to the entry into a new high-potential sector.