Lloyds Enterprises surges on getting nod to sell 24.20% equity stake in LICL
Lloyds Enterprises is currently trading at Rs. 45.05, up by 0.66 points or 1.49% from its previous closing of Rs. 44.39 on the BSE.
The scrip opened at Rs. 44.20 and has touched a high and low of Rs. 45.55 and Rs. 43.75 respectively. So far 148995 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 63.17 on 23-Jan-2025 and a 52 week low of Rs. 27.90 on 01-Apr-2024.
Last one week high and low of the scrip stood at Rs. 45.68 and Rs. 41.26 respectively. The current market cap of the company is Rs. 5738.56 crore.
The promoters holding in the company stood at 73.91%, while Institutions and Non-Institutions held 0.24% and 25.85% respectively.
Lloyds Enterprises (LEL) has received approval from board to sell 24.20% equity stake in Lloyds Infrastructure & Construction (LICL). Consequent, LICL will cease to be an Associate Company of LEL. The consideration received from such sale will be Rs 31.36 crore.
Lloyds Enterprises is engaged into the trading of iron and steel.
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