Lloyds Metals lifts Thriveni stake to 72% in $63M share deal
What's the deal? Lloyds Metals and EnergyDealroom has a profile for this one. Try Dealroom → has been allotted 35,000,000 equity shares in its subsidiary, Thriveni Earthmovers and Infra Private Limited, in a transaction worth US$82.4M (roughly $63 million). The shares were issued at US$2.35 each, the company confirmed on September 28, 2026.
Why now? The allotment completes a plan Lloyds flagged on August 10, 2026, to invest fresh capital in the subsidiary through a rights issue or further issue of capital.
What changes? With the new shares, Lloyds now holds 735,000,000 equity shares in Thriveni Earthmovers and Infra — 71.89% of the subsidiary's total issued and paid-up equity capital.
The signal: By deepening its majority control, Lloyds tightens its grip on a key operating arm, a move that reflects how Indian metals and energy groups are consolidating ownership of the infrastructure and earthmoving businesses feeding their supply chains.
Read more: equitybulls.com
Image credit: Neuwieser
