SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Lloyds Metals and Energy gets nod to acquire 79.82% stake in Thriveni Earthmovers and Infra

19 Dec 2024 Evaluate

Lloyds Metals and Energy has received approval from board of directors to acquire 70,00,00,000 equity shares, representing 79.82% of the total issued, subscribed and paid-up equity share capital of Thriveni Earthmovers and Infra (TEIL), for an aggregate consideration of Rs 70 crore, subject to the approval of the shareholders of the Company. The investment of Rs 70 crore is subject to approval of the shareholders of the Company to provide guarantee in favour of/connection to promoter shareholders of Thriveni Earthmovers.

The amounts infused by the Company under the proposed transaction shall be utilised for undertaking the business of mine development and operation business, trading, transport & logistics, allied activities and making investments in companies that undertake such activities as this will benefit the TEIL for growing its business activities and creating shareholder value for the investments made by the Company. It is clarified that the investment in the equity shares of the TEIL is independent of the proposed demerger and valuation thereof. A meeting of the Board of Directors of Lloyds Metals and Energy held on December 18, 2024. 

Lloyds Metals and Energy is into the business of manufacturing of sponge iron, power generation and mining activities.

Lloyds Metals&Energy Share Price

1556.95 45.05 (2.98%)
16-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×