Lloyds Metals Acquires 49.99% Stake in Thriveni Pellets Through Share Allotment

Lloyds Metals & Energy Limited has made a significant move in the market by allotting shares to acquire a substantial stake in Thriveni Pellets Private Limited (TPPL). The company's board has approved the allotment of 19,57,458 equity shares at Rs. 1,460.50 per share on a preferential basis to Adler Industrial Services Private Limited (AISPL).

Key Details of the Transaction

Particulars	Details
Number of Shares Allotted	19,57,458
Issue Price per Share	Rs. 1,460.50
Total Transaction Value	Rs. 285.89 crore
Stake Acquired in TPPL	49.00% from AISPL, 0.99% from Thriveni Earthmovers Private Limited
Total Stake Acquired	49.99%

Impact on Lloyds Metals & Energy Limited

The share allotment has led to changes in the company's capital structure and shareholding pattern:

Aspect	Pre-Allotment	Post-Allotment
Paid-up Equity Capital	Rs. 52.64 crore	Rs. 52.84 crore
Number of Equity Shares	52,64,48,232	52,84,05,690
AISPL's Shareholding	0.31% (16,20,000 shares)	0.68% (35,77,458 shares)

Transaction Details

The allotment was made in exchange for acquiring equity shares of TPPL:

88,24,900 shares (49% stake) from Adler Industrial Services Private Limited
1,78,299 shares (0.99% stake) from Thriveni Earthmovers Private Limited

Regulatory Compliance and Next Steps

The transaction has received in-principle approval from both the BSE Limited and the National Stock Exchange of India Limited. Lloyds Metals & Energy Limited will now apply for listing and trading approval for the newly allotted shares.

This strategic move by Lloyds Metals & Energy Limited to acquire a significant stake in Thriveni Pellets Private Limited could potentially strengthen its position in the metals and energy sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.69%	-0.21%	-7.48%	-10.01%	+25.98%	+116.65%

In a significant development for the metals and mining sector, the Competition Commission of India (CCI) has given its approval for Lloyds Metals & Energy 's acquisition of a substantial stake in Thriveni Pellets. This regulatory clearance marks a crucial step forward in the transaction process.

Key Details of the Acquisition

Aspect	Details
Acquiring Company	Lloyds Metals & Energy
Target Company	Thriveni Pellets
Stake Acquisition	49.99%
Regulatory Body	Competition Commission of India (CCI)
Status	Approved

Implications of the Deal

The CCI's approval allows Lloyds Metals & Energy to proceed with acquiring nearly half of Thriveni Pellets' ownership. This strategic move is likely to strengthen Lloyds Metals & Energy's position in the pellet manufacturing segment of the steel industry.

Regulatory Significance

The clearance from the CCI is a crucial regulatory hurdle that has been overcome. This approval indicates that the competition watchdog has found no significant anti-competitive concerns arising from this acquisition.

Industry Impact

This transaction could potentially reshape the competitive landscape in the iron ore pellet market. Lloyds Metals & Energy's significant stake in Thriveni Pellets may lead to synergies and potentially influence the supply dynamics of iron ore pellets, which are essential raw materials for the steel industry.

Next Steps

With the CCI's approval in place, the involved parties can now move forward with finalizing the transaction. Stakeholders will be keenly watching how this partnership unfolds and its potential effects on the broader metals and mining sector.

As this development continues to evolve, market participants will be closely monitoring any further announcements or strategic moves from both Lloyds Metals & Energy and Thriveni Pellets.