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Lloyds Enterprises inks pact to acquire 31.58% stake in Geomysore Services India

04 Jul 2025 Evaluate

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.


Peers
Company Name CMP
Redington 331.15
Adani Enterprises 2600.00
Amrapali Industries 34.03
Maxgrow India 179.20
Rashi Peripheral 791.50
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