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Dec 19, 2024ACQUISITIONIndia

Lloyds Metals acquires 79.82% stake in Thriveni Earthmovers

Lloyds Metals and Energy Limited announced the acquisition of a 79.82% equity stake in Thriveni Earthmovers Private Limited for ₹70 crore, to bolster its mining and logistics operations.

Value

$8.40M (700.0M INR)

Status

Announced

Capacity

25 million tonnes annually (iron ore)

Productsmining servicesmine developmentlogistics

CompaniesLloyds Metals and Energy acquirer Thriveni Earthmovers target

Sectors#Mining Equipment

“Lloyds Metals to acquire 79.82% in Thriveni Earthmovers, a strategic move to bolster its position in mining and logistics.”angelone.in

2 sources
angelone.inLloyds Metals Acquires 79.82% Stake in Thriveni Earthmovers: Strategic Expansion UnveiledDec 19, 2024
business-standard.comLloyds Metals and Energy MD, B. Prabhakaran, Leads Major Stake in Thriveni Earthmovers' AcquisitionBusiness StandardJan 4, 2025

Summarized from public sources; check the original articles before acting on it.

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