Lloyds Enterprises Acquires 3.72 Cr Shares in Lloyds Engineering, raises stake to 33.3%

About this update from Lloyds Engineering Works Ltd

Lloyds Enterprises Limited has increased its investment in Lloyds Engineering Works Limited (formerly known as Lloyds Steels Industries Limited) by acquiring an additional 3.72 crore partly paid-up equity shares through a rights issue. The allotment of these shares was made on June 5, 2025, with the company receiving the allotment advice on June 10, 2025. This transaction was disclosed to the stock exchanges on June 12, 2025.Following this acquisition, Lloyds Enterprises' total holding in Lloyds Engineering Works stands at over 49 crore equity shares, translating to 33.30% of the target company's total diluted share capital. The acquired partly paid-up shares have a face value of Re. 1 each, with Re. 0.50 paid-up per share.Details of Share AcquisitionParticularsDetailsName of AcquirerLloyds Enterprises LimitedName of Target Company (TC)Lloyds Engineering Works Limited (formerly known as Lloyds Steels Industries Limited)Acquirer belongs to Promoter/Promoter groupYesNumber of Shares Acquired3,71,68,120 Equity SharesType of Shares AcquiredPartly Paid-up (Re. 0.50 paid on Face Value of Re. 1)Mode of AcquisitionRights IssueDate of Allotment of SharesJune 5, 2025Date of Receipt of Intimation of AllotmentJune 10, 2025Acquired Shares as % of TC's Total Diluted Share/Voting Capital5.62%Acquirer's Holding in TC (Number of Shares) - Before Acquisition45,36,12,901 fully paid-up sharesAcquirer's Holding in TC (%) - Before Acquisition38.92% of pre-issue total share/voting capitalAcquirer's Holding in TC (Number of Shares) - After Acquisition49,07,81,021 shares (45,36,12,901 fully paid-up + 3,71,68,120 partly paid-up)Acquirer's Holding in TC (%) - After Acquisition33.30% of post-issue total diluted share/voting capitalDetailed Analysis of the AcquisitionThe recent acquisition by Lloyds Enterprises Limited, a promoter group entity of Lloyds Engineering Works Limited, signifies a further consolidation of its interest in the engineering firm. The transaction involved subscribing to 3,71,68,120 partly paid-up equity shares issued under a rights issue by Lloyds Engineering Works. These shares have a face value of Re. 1 each, with Re. 0.50 per share paid up at the time of allotment. The balance amount will be due as and when called by the company.Impact on Shareholding StructurePrior to this acquisition, Lloyds Enterprises Limited held 45,36,12,901 fully paid-up equity shares...

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