Announced Mon, 28 Sept, 2026 · 18:00 IST
Lloyds Metals invests Rs 606.76 Cr in subsidiary Thriveni Earthmovers, stake now 71.89%
LLOYDSME · price
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Price reaction · full curve 14 horizons · vs prior close
+1.9%1-day move
₹1836.00
prior close
₹1840.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.2-0.4-0.5+1.9-3.1-2.2+0.9+0.3—————
Up moveDown movePending
AI summary
Lloyds Metals and Energy has been allotted 3.5 crore equity shares of subsidiary Thriveni Earthmovers and Infra (TEIL) at Rs 173.36 per share, investing Rs 606.76 crores via rights issue subscription. Post allotment, the company's total holding in TEIL stands at 73.5 crore shares, representing 71.89% of paid-up equity capital. This is an update to the company's earlier intimation dated 10 August 2026.
Likely market impact
Capital infusion into subsidiary Thriveni Earthmovers raises Lloyds Metals stake to 71.89%, consolidating control over its mining and infra arm.