Announced Thu, 8 Oct, 2026 · 18:27 IST
Lloyds Metals acquires additional stake in subsidiary Thriveni for Rs 607 crore
LLOYDSME · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Lloyds Metals and Energy Limited has received 3.5 crore equity shares of its subsidiary Thriveni Earthmovers and Infra Private Limited, credited to its demat account on 8 October 2026. The shares were allotted for a total consideration of Rs 606.76 crore via subscription to a rights issue or further issue of capital. This continues the company's investment plan disclosed earlier in August and September 2026.
Likely market impact
Company invests another Rs 607 crore into its mining infrastructure subsidiary, deepening its exposure to the TEIL business.