LLOYDSME Acquires 71.89% Stake in Thriveni Earthmovers for ₹606.76 Crore
Lloyds Metals and Energy Limited has acquired an additional 3,50,00,000 equity shares in its subsidiary, Thriveni Earthmovers and Infra Private Limited (TEIL), for ₹606.76 crore. This increases LLOYDSME's stake in TEIL to 71.89%. The shares were issued at ₹173.36 each.
The acquisition represents a substantial financial investment of over ₹600 crore and leads to a significant majority stake (71.89%) in the subsidiary, which will have a material impact on the company's financial performance and reporting.
The company has increased its stake in a subsidiary through a significant investment, which is generally viewed positively as it consolidates control and potentially enhances future earnings.
Lloyds Metals and Energy Limited (LLOYDSME) has announced an update regarding its investment in its subsidiary, Thriveni Earthmovers and Infra Private Limited (TEIL). Following an earlier intimation on August 10, 2026, the company has now been allotted 3,50,00,000 equity shares of TEIL at an issue price of ₹173.36 per share.
The total consideration for this subscription amounts to ₹606.76 crore (Rupees Six Hundred and Six Crores and Seventy-Six Lakhs only). Post this acquisition, LLOYDSME's total holding in TEIL will increase to 73,50,00,000 equity shares, representing 71.89% of the issued and paid-up equity share capital of TEIL.
Further details required by SEBI regulations were previously provided in the outcome dated August 10, 2026, and are also available on the company's website.
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Lloyds Metals And Energy Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Lloyds Metals And Energy Limited. Read the original for the full detail.