Aristo Realty Developers Ltd announced that it will issue 1,100,000,000 common shares at a price of INR 1 per share for the gross proceeds of INR 1,100,000,000 on December 6, 2023. The transaction will include participation from new investor Lloyds Enterprises Limited for 60.38% stake in the company. The transaction is expected to close by March, 2024.

The transaction has been approved by the board of directors of the Lloyds Enterprises Limited. The transaction is subjected to the approval of shareholders of the Lloyds Enterprises Limited.