Lloyds Enterprises Limited — Board Meeting, 28-01-2025: Outcome of Board Meeting

Lloyds Enterprises Limited has announced a board meeting outcome, approving an investment to acquire an additional 12.25% equity stake in Lloyds Infrastructure & Construction Limited (LICL), bringing the total holding to 24.50%. This investment involves the cash acquisition of 4,90,00,000 equity shares at a cost of ₹14.21 Cr. LICL, with a turnover of ₹395.14 Cr as of March 31, 2024, will become an associate company following this transaction. The investment aims to explore further opportunities and enhance business growth prospects.