Aeon Trading LLP disclosed the sale of a 3.37% equity stake in Lloyds Engineering Works Limited (LEWL) on February 9, 2026. The transaction involved the disposal of 4,98,52,941 equity shares at a price of ₹49.65 per share, totaling ₹247.51 crore. The sale was executed as a ‘Block Deal’ to Thriveni Earthmovers Private Limited. Following this divestment, Aeon Trading LLP’s total holding has reduced to 4.62% of LEWL’s equity capital.
Disposal of Equity Stake in Lloyds Engineering Works
Aeon Trading LLP has formally reported the divestment of a significant portion of its holding in Lloyds Engineering Works Limited (“LEWL”), as per the disclosure requirements for substantial acquisition and takeover regulations. The transaction, which took place on 09th February, 2026, involved the sale of 4,98,52,941 fully paid-up equity shares.
Transaction Details
The disposal was executed at a rate of Rs. 49.65 per share, resulting in a total transaction value of Rs. 247,51,98,520.65 (Two Hundred and Forty-Seven Crores Fifty-One Lakhs Ninety-Eight Thousand Five Hundred and Twenty Rupees and Sixty-Five Paise). This volume represents 3.37% of the total equity share capital of LEWL. The transfer was specifically conducted as a “Block Deal” to Thriveni Earthmovers Private Limited, which is noted as the investment arm of Mr. Balasubramanian Prabhakaran.
Holding Before and After Sale
Prior to this sale, Aeon Trading LLP held an aggregate of 11,82,76,101 shares, corresponding to 7.99% of the total share capital. Post-sale, the total number of shares held by Aeon Trading LLP is 6,84,23,160. This remaining holding translates to 4.62% of the equity share capital, calculated on the post-transaction basis where the total diluted share capital stands at INR 1,48,49,97,782 shares.
Capital Structure Context
The equity share capital of the Target Company (LEWL) before and after the sale remained based on 1,48,00,82,086 shares of Re. 1/- each. The total diluted share capital after the transaction incorporates additional potential shares, resulting in a figure of 1,48,49,97,782 equity shares of Re. 1/- each, following the conversion of outstanding securities.
Source: BSE
