LLOYDSMELloyds Metals & Energy Ltd.
Lloyds Metals & Energy to invest up to ₹625 crore in TEIL rights issue
- Mergers & acquisitions
- Iron ore mining and steel
Reviewed byKeshav SehgalBlacklitt Research
Lloyds Metals & Energy (NSE: LLOYDSME) approved an investment of up to ₹625 crore in its subsidiary Thriveni Earthmovers and Infra Private Limited, by subscribing to its rights issue or further issues of capital, it said in a filing on 03 Nov 2026.
Key highlights
- Maximum investment: ₹625 crore in cash
- Company's existing holding in TEIL: 71.89%
- Expected completion: during FY 2026-27
- TEIL turnover FY 2025-26: ₹4,126.07 crore
The investment in numbers
| Item | Detail |
|---|---|
| Investor | Lloyds Metals and Energy Limited |
| Target | Thriveni Earthmovers and Infra Private Limited (TEIL) |
| Maximum amount | ₹625 crore, cash consideration, in one or more tranches |
| Existing holding | 71.89% of TEIL's paid-up share capital |
| Route | Subscription to rights issue or further issue of capital offered by TEIL |
| Expected completion | During FY 2026-27 |
| Government approvals | Not required, according to the disclosure |
What TEIL does and how big it is
TEIL was incorporated on 17 Feb 2024 and is engaged in end-to-end contract mining services, including exploration, drilling, mining, excavation, hauling and transportation of minerals, as well as trading of coal, iron ore and iron ore pellets. Its turnover was ₹4,126.07 crore in FY 2025-26 and ₹3,140.60 crore in FY 2024-25 (restated), according to the filing.
The filing says the investment is intended to meet TEIL's working capital needs, fund business expansion and capital expenditure, support operations and cover other general corporate purposes.
A rights issue offered to all shareholders
The company says TEIL's rights issue is offered uniformly to all shareholders in proportion to their shareholding, so the issuance is not considered a related party transaction. The company is interested in the transaction only to the extent of its shareholding.
The company already subscribed to a TEIL rights issue on 22 Sep 2026, when TEIL allotted 3,50,00,000 equity shares at ₹173.36 each, aggregating ₹606.76 crore, on 29 Sep 2026.
What the TEIL investment means for Lloyds Metals & Energy's shareholders
The filing does not say how many TEIL shares the investment will buy, the issue price, the company's post-issue holding, or whether it will be made in one tranche or several. It also does not say how the investment will affect the group's consolidated results or net debt; the post-issue shareholding is to be informed as and when it happens.
Filed with BSE on . Reference: Original filing (PDF)
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