Lloyds Metals acquires 49.99% stake in Thriveni Pellets
pre-market1 source ↓written by the desknot a recommendation
- in Thriveni Pellets
- 49.99% stake
- Private Limited
- ₹495 crore
- purchase agreement
- 12 Aug 2025
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.
Not investment advice. For informational purposes only.