Lloyds Metals has allotted 19,57,458 equity shares at a price of ₹1460.50 per share for acquiring a 49% stake in Thriveni Pellets Private Limited (TPPL). This allotment, approved on October 21, 2025, involves swapping equity shares to bring TPPL into the Lloyds Metals fold, enhancing the company’s strategic assets.
Equity Share Issuance
Lloyds Metals and Energy Limited has announced the allotment of 19,57,458 equity shares. The decision was formalized on October 21, 2025, following board and shareholder approvals in August and September 2025.
Details of the Allotment
The shares were issued at ₹1460.50 each, including a premium of ₹1459.50 per share. This issuance has resulted in a total inflow of ₹2,85,88,67,409 for the company.
Purpose of the Allotment
This preferential allotment facilitates the acquisition of a 49% shareholding in Thriveni Pellets Private Limited (TPPL). The shares were allotted to Adler Industrial Services Private Limited, a promoter shareholder of TPPL. The acquisition will be completed through an equity swap, enhancing Lloyds Metals’ stake in TPPL.
Capital Structure Adjustment
Following the allotment, the company’s equity capital has increased to ₹52,84,05,690. This adjustment reflects the issuance of new shares, solidifying the financial restructuring linked to the TPPL acquisition.
TPPL Acquisition Details
Lloyds Metals has acquired 88,24,900 shares, representing 49% of TPPL from AISPL, and an additional 1,78,299 shares (0.99%) from Thriveni Earthmovers Private Limited. These acquisitions will consolidate TPPL’s operations under Lloyds Metals.
Investor Details
The investor in this preferential allotment is Adler Industrial Services Private Limited. They have been allotted 19,57,458 shares, increasing their total stake in Lloyds Metals to 35,77,458 shares (0.68% of total shares outstanding post-issuance).
Source: BSE
