Update on Acquisition of Equity Stake in Hexa Energy MH3 Private Limited and Hexa Energy W2 Private Limited
LLOYDSME · price
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Lloyds Metals and Energy Limited has subscribed to equity shares in two private energy companies. It acquired a 17.45% stake in Hexa Energy MH3 Private Limited for about Rs. 3.15 crore and a 17.11% stake in Hexa Energy W2 Private Limited for about Rs. 4.16 crore, taking the total investment to roughly Rs. 7.31 crore. This is a follow-up to the company's earlier announcement dated May 30, 2025, where it had stated plans to subscribe to at least 26% of the paid-up equity capital of both entities. The current allotment represents the first tranche of that planned investment, and further intimation will follow once the shares are credited to the company's demat account.
This is a small-ticket strategic investment in the energy space, likely a step towards building a renewable/solar energy portfolio. The deal size is modest relative to Lloyds Metals' scale, so the immediate financial impact is limited, but it signals the company's intent to expand beyond its core metals business.