Lloyds Enterprises Limited has informed the Exchange regarding Sale of Shares under Regulation 30(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
LLOYDSENT · price
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On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 1.4 pts more than its Trading - Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Lloyds Enterprises Limited sold 14,20,000 equity shares of its material subsidiary, Lloyds Engineering Works Limited (LEWL), at Rs. 70.50 per share through a block deal. The total value of the transaction is about Rs. 10.01 crore, representing roughly 0.10% of the company's holding in LEWL. The buyer was Thriveni Earthmovers Private Limited, the investment arm of Mr. Balasubramanian Prabhakaran. The percentage of holding is calculated on a diluted basis, assuming all partly paid-up shares are converted to fully paid-up. The disclosure is made under SEBI Listing Regulations.
This is a small divestment (0.10%) of the company's stake in its material subsidiary and is unlikely to materially affect shareholders. The transaction was executed at a defined block deal price, so no immediate price impact on Lloyds Enterprises stock is expected.