Announced Tue, 16 Jun · 17:24 IST
Subsidiary subscribes to rights issue shares of Loka Metals
Strategic Transactions View source PDF
LLOYDSME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹1762.90
prior close
₹1770.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.7-0.6+0.7-0.5+0.3+1.4-0.4-3.2+3.2-1.3+6.4——
Up moveDown movePending
AI summary
Lloyds Metals' wholly owned subsidiary Lloyds Steel subscribed to 5,85,000 equity shares of Loka Metals Private Limited via a rights issue for Rs. 58.5 lakh (Rs. 10 per share at par). No change in shareholding percentage as the allotment was proportionate to existing shareholders. Loka Metals is a newly incorporated (Sep 2025) steel processing and trading entity based in Telangana, aligned with the group's wire rod marketing strategy.
Likely market impact
Minor, routine subsidiary investment in a newly formed steel entity; no change in ownership stake; supports core steel marketing strategy.