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LLOYDSME
has allotted 19,57,458 equity shares at Rs. 1,460.50 per share to Adler Industrial Services Private Limited (AISPL) on a preferential basis. This allotment, valued at Rs. 285.89 crore, enables Lloyds to acquire a 49.99% stake in Thriveni Pellets Private Limited (TPPL).
The acquisition includes 49% from AISPL and 0.99% from Thriveni Earthmovers Private Limited. Post-allotment, Lloyds' paid-up equity capital increased to Rs. 52.84 crore, with total equity shares rising to 52,84,05,690. AISPL's shareholding in Lloyds has grown from 0.31% to 0.68%. The transaction has received in-principle approval from BSE and NSE, with Lloyds now seeking listing and trading approval for the new shares.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.#WatchOutFor
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