Lloyds Metals acquires 49.99% stake in Thriveni Pellets

Oicharts Desk |

Lloyds Metals & Energy Limited has acquired a 49.99% stake in Thriveni Pellets Private Limited for ₹495 crore. This strategic move, executed through a share purchase agreement on 12 Aug 2025, aims to bolster LMEL's pellet production capabilities and enhance raw material security. ⚒️ This acquisition aligns with LMEL's long-term growth strategy in the iron ore and steel value chain.

📊 STOCKS MENTIONED: $LMEL 🏢 SECTORS: Metals, Manufacturing