Lloyds Metals and Energy Limited has approved the acquisition of a 49.99% equity stake in Thriveni Pellets Private Limited, along with 19.40% equity shares in Mandovi River Pellets Private Limited.
Aug 13, 2025
Lloyds Metals and Energy Limited has approved the acquisition of a 49.99% equity stake in Thriveni Pellets Private Limited (TPPL) by purchasing 88,24,900 equity shares, representing 49% of TPPL’s total issued, subscribed, and paid-up equity share capital, from Adler Industrial Services Private Limited. The transaction involves an aggregate cash consideration of INR 200 crore and a non-cash consideration of approximately INR 285 crore.
Additionally, the company will subscribe to 1,64,90,000 equity shares of Mandovi River Pellets Private Limited (MRPPL), representing 19.40% of its total issued, subscribed, and paid-up equity share capital, for an aggregate consideration of approximately INR 16.5 crore.
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With these strategic investments in TPPL and MRPPL, Lloyds Metals and Energy Limited aims to strengthen its presence in the iron ore pellet segment, enhance backward integration, and secure long-term value creation through expanded production capacity and strategic partnerships.
