Update on Acquisition of Equity Stake in Mandovi River Pellets Private Limited
LLOYDSME · price
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Lloyds Metals and Energy has completed the subscription of 1,64,90,000 equity shares in Mandovi River Pellets Private Limited (MRPPL), taking a 19.40% stake in the company. The total consideration paid is Rs. 16.49 crores (roughly Rs. 10 per share). This is a follow-up to the company's earlier intimation dated 12th August 2025. A separate intimation will follow once the shares are credited to the company's demat account. MRPPL operates in the iron ore pellet segment, which is directly related to Lloyds Metals' core steel and metals business.
This acquisition strengthens Lloyds Metals' upstream presence in the iron ore pellet value chain, supporting its core metals business. The Rs. 16.49 crore outlay is relatively modest, so immediate impact on financials is limited, but the strategic move could improve raw material security over time.