Lloyds Engineering Works Limited has amended the Share Purchase Agreement or the acquisition of the remaining…
As filed · Lloyds Enterprises Limited has informed the Exchange that Lloyds Engineering Works Limited has amended the Share Purchase Agreement or the acquisition of the remaining 12% equity stake in Techno Indus
What happened
FactLloyds Enterprises Limited has completed the acquisition of 14,99,999 equity shares of TIPL, making it a wholly owned subsidiary of Lloyds Enterprises Limited. The total consideration for the acquisition is Rs. 22.70 Crore. Consequently, TIPL is now classified as a step-down subsidiary of the company.
Why it matters
CapitSignal interpretationAn acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
Scale
- 4.9% of FY26 revenue
₹22.7 Cr stated in the filing against ₹463.2 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
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Fact- Consideration and how it is funded
- Revenue and profit of the target
- Expected completion date
Evidence
How CapitSignal classified this
- Reasoning:
- ACQUISITION base 74; +2 corroborating keywords; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%