Lloyds Engineering Works shines on getting nod to acquire 11% stake in Techno Industries

Post transaction, the company shall hold an aggregate stake of 88% in Techno Industries

Lloyds Engineering Works is currently trading at Rs. 74.25, up by 3.31 points or 4.67% from its previous closing of Rs. 70.94 on the BSE.

The scrip opened at Rs. 70.80 and has touched a high and low of Rs. 75.37 and Rs. 70.75 respectively. So far 2012929 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 82.65 on 30-Jul-2024 and a 52 week low of Rs. 42.66 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 75.37 and Rs. 58.81 respectively. The current market cap of the company is Rs. 10981.51 crore.

The promoters holding in the company stood at 56.22%, while Institutions and Non-Institutions held 2.82% and 40.95% respectively.

Lloyds Engineering Works has received approval for acquisition of 13,75,000 equity shares of Techno Industries (TIPL) for a consideration of Rs 25 crore amounting to 11% of acquisition of shares in TIPL. The transaction is expected to be completed within three years. Post transaction, the company shall hold an aggregate stake of 88% in Techno Industries. The board of directors of the company at their meeting held on July 01, 2025, have approved the same. 

The acquisition is of strategic nature and will help the company to expand its products offering to include Electrical Engineering products -- primarily pumps, motors and elevators. Techno Industries is engaged, amongst others, in the business of manufacturing, marketing of pumps, motors and elevators.

Lloyds Engineering Works (formerly known as Lloyds Steels Industries) is a designer and Manufacturer of Heavy Equipment, Machinery and Systems for Hydro Carbon Sector, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers and Turnkey Projects.