Lloyds Enterprises Limited has informed the Exchange regarding Board meeting held on July 04, 2025.
LLOYDSENT · price
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Lloyds Enterprises Limited has acquired a 50% partnership stake in Prakar Estates And Promoters LLP for Rs. 140 Crore in cash, approved at its Board meeting on July 4, 2025. The LLP, incorporated in November 2020, has a total capital contribution of Rs. 318.95 Crore and currently has nil revenue, and it holds a 63.17% stake in Geomysore Services India Pvt Ltd, a company working on India's rare gold mining project. This gives Lloyds Enterprises an effective 31.58% interest in Geomysore and a foothold in gold mining, exploration, extraction, and processing. The deal is not a related party transaction, requires no government approvals, and is expected to be completed before July 15, 2025.
This is a major strategic move into the gold mining sector for Lloyds Enterprises, committing Rs. 140 Crore of capital. Since the target has no revenue yet, the investment is speculative and forward-looking, which may bring both growth potential and execution risk for shareholders.