Update on completion of Acquisition of Equity Stake in HR Godavari Private Limited
LLOYDSME · price
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Lloyds Metals And Energy Limited has completed the acquisition of 10,74,074 equity shares in HR Godavari Private Limited, representing 26.82% of its paid-up share capital. The total consideration paid was Rs. 17.40 crores, and the deal was completed on 24th June 2025. Following this acquisition, HR Godavari has become an Associate Company of Lloyds Metals. The company had earlier announced the Share Subscription and Shareholders Agreement on 18th December 2024, with subsequent updates on 19th and 30th May 2025.
The acquisition makes HR Godavari an associate company of Lloyds Metals, giving shareholders exposure to a new business interest. However, with a relatively modest investment of Rs. 17.4 crores for a 26.82% stake, the immediate impact on the stock is likely limited, though it could support long-term growth if HR Godavari performs well.