Lloyds Enterprise announced its foray into the real estate sector through the planned acquisition of a 60% stake in Lloyds Realty Developers (LRDL). Valued at Rs 110 crore, this all cash investment (into equity of Lloyds Realty Developers) marks a pivotal moment for LEL as it endeavours to strengthen its presence in the realty business. The investment is made at near the book value of Lloyds Realty via a fresh infusion, without any payment to existing shareholders, which will be diluted due to new addition of funds by LEL. This transaction brings LEL one more step further in the consolidation process, which the company has been following for a while. LEL now holds significant interests in various industries like Metals, Engineering, Trading and now Real Estate via its investments.Powered by Capital Market - Live News

The Board of Lloyds Enterprises at their meeting held on 06 December 2023 proposed to make an investment of Rs. 110 crore in equity share capital of Lloyds Realty Developers (formerly known as Aristo Realty Developers) subject to approval of the shareholders of the Company. After acquisition of 60.38% stake in Lloyds Realty Developers, it will become the subsidiary of the company. Powered by Capital Market - Live News

Net profit of Lloyds Enterprises rose 153.39% to Rs 28.81 crore in the quarter ended September 2023 as against Rs 11.37 crore during the previous quarter ended September 2022. Sales rose 404.80% to Rs 149.32 crore in the quarter ended September 2023 as against Rs 29.58 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales149.3229.58 405 OPM %16.6421.26 - PBDT38.2316.23 136 PBT37.4515.65 139 NP28.8111.37 153 Powered by Capital Market - Live News

Lloyds Enterprises will hold a meeting of the Board of Directors of the Company on 26 October 2023.Powered by Capital Market - Live News

The Board of Lloyds Enterprises at its meeting held on 22 September 2023 has accorded its approval to enter into partnership agreement with Lloyds Metals & Minerals Trading LLP for a partnership interest of 7%.Powered by Capital Market - Live News