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Lloyds Metals & Energy subscribes 19.40% equity share capital of MRPPL

The company has subscribed to 1,64,90,000 equity shares

Lloyds Metals & Energy has subscribed to 1,64,90,000 equity shares, representing 19.40% of the total issued, subscribed and paid-up equity share capital of Mandovi River Pellets (MRPPL), for an aggregate consideration of Rs 16.49 crore.

Lloyds Metals & Energy is into the business of manufacturing of sponge iron, power generation and mining activities.