Lloyds Metals has approved the allotment of 19,57,458 equity shares at a price of ₹1460.50 per share. This allotment facilitates the acquisition of a 49% shareholding in Thriveni Pellets Private Limited (TPPL). The transaction involves swapping equity shares as consideration other than cash, bolstering Lloyds Metals’ strategic investments.
Equity Share Allotment
Lloyds Metals has officially approved the allotment of 19,57,458 equity shares, priced at ₹1460.50 per share. This decision was made during a Board Meeting held on August 12, 2025, with subsequent approval from shareholders on September 11, 2025.
Details of the Allotment
The equity shares, with a face value of ₹1 each, were issued at a premium of ₹1,459.50 per share. The total consideration for this allotment amounts to ₹2,85,88,67,409. This preferential allotment is made through private placement.
Acquisition of Thriveni Pellets
This allotment enables the acquisition of a 49% shareholding in Thriveni Pellets Private Limited (TPPL) from Adler Industrial Services Private Limited (AISPL). The deal involves swapping equity shares as consideration other than cash. Additionally, 1,78,299 shares amounting to 0.99% shareholding of TPPL were acquired from Thriveni Earthmovers Private Limited (TEMPL).
Impact on Equity Capital
Following the allotment, the company’s paid-up equity capital has increased from ₹52,64,48,232 to ₹52,84,05,690. This change reflects the issuance of new equity shares at ₹1 each.
Source: BSE
