Lloyds Enterprises (LEL) has entered into a definitive agreement to acquire a 31.58% stake in Geomysore Services India (GMSI), a Company developing the first Gold Mine started in Independent India--the Jonnagiri Gold Mine Project, owned & operated by GMSI.
This acquisition will be completed through an investment of Rs 140 crore for a 50% partnership interest in Prakar Estate and Promoter LLP, which holds a majority stake of 63.17% in GMSI. As a result, LEL will secure a 31.58% indirect ownership in the gold mining company. Deccan Gold Mines, a listed entity in India, holds a 27.27% direct stake in GMSI alongside Prakar Estates and Promoter LLP.
Lloyds Enterprises is engaged into the trading of iron and steel.
| Company Name | CMP |
|---|---|
| Redington | 228.00 |
| Adani Enterprises | 2205.00 |
| Amrapali Industries | 17.35 |
| Rashi Peripheral | 456.80 |
| PDS | 300.40 |
| View more.. | |
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.
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.
MoneyWorks4Me ensures this through: