Lloyds Metals and Energy Limited agreed to acquire 49% stake in Thriveni Pellets Private Limited from Adler Industrial Services Private Limited for INR 4.9 billion.
Lloyds Metals and Energy Limited (BSE:512455) agreed to acquire 49% stake in Thriveni Pellets Private Limited from Adler Industrial Services Private Limited for INR 4.9 billion on August 12, 2025. The total consideration consists of INR 2 billion cash and non cash consideration of INR 2.86 billion swap of shares by way of issuance and allotment of 1,957,458 common equity of Lloyds Metals and Energy Limited to be issued on a preferential basis for INR 1460.50 having a face value of INR 1 per equity share to Adler Industrial Services Private Limited. As part of consideration, INR 4.86 billion is paid towards common equity of Thriveni Pellets Private Limited. In a related transaction, Lloyds Metals and Energy Limited agreed to acquire 0.99% stake in Thriveni Pellets Private Limited from Thriveni Earthmovers Private Limited for INR 98.2 million on August 12, 2025. Upon completion of the acquisitions, Lloyds Metals and Energy Limited (BSE:512455) will own a 49.99% stake in Thriveni Pellets Private Limited.
For the period ending March 31, 2025, Thriveni Pellets Private Limited reported total revenue of INR 11.25 billion.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer board, subject to antitrust regulations, shareholder approval and completion of customary conditions precedent. The deal has been approved by the board. The consummation of the proposed acquisition is expected to be completed in the next 3-4 months. As of October 7, 2025 Competition Commission of India has approved the acquisition.
Todarwal & Todarwal acted as accountant for Lloyds Metals and Energy Limited.
Lloyds Metals and Energy Limited is a direct reduced iron (DRI) manufacturer and is a merchant iron ore miner in Maharashtra, India. The Company's segments include Mining, Sponge Iron, Power and Pellet trading. The Mining Segment is engaged in extraction of iron ore from mines. The Sponge Iron segment is engaged in the production and manufacturing of sponge iron. The Power segment includes generation of power. The Pellet trading segment includes pellets procured from Mandovi River Pellets Private Limited, the producer of pellets derived from iron ore supplied by the Company. The Company's other by products include char, fly ash, ESP dust, bed materials and iron ore fines. It has an approximately 3,40,000 TPA capacity for DRI across two districts in Maharashtra and a 34 megawatts (MW) waste heat recovery based (WHRB) power plant. The Company has a capacity of approximately 10 million metric tons per annum (MTPA) of iron ore at Surjagarh Village, Gadchiroli district in Maharashtra.
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Lloyds Metals and Energy Limited agreed to acquire 49% stake in Thriveni Pellets Private Limited from Adler Industrial Services Private Limited for INR 4.9 billion.
