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Lloyds Metals & Energy is currently trading at Rs. 1144.30, up by 3.15 points or 0.28% from its previous closing of Rs. 1141.15 on the BSE.

The scrip opened at Rs. 1149.00 and has touched a high and low of Rs. 1183.10 and Rs. 1142.10 respectively. So far 26932 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1188.00 on 18-Dec-2024 and a 52 week low of Rs. 522.40 on 14-Feb-2024.

Last one week high and low of the scrip stood at Rs. 1188.00 and Rs. 1114.00 respectively. The current market cap of the company is Rs. 60565.26 crore.

The promoters holding in the company stood at 63.49%, while Institutions and Non-Institutions held 3.21% and 33.30% respectively.

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.