India, Dec. 26 -- Lloyds Engineering Works Limited has approved an amendment to the Share Purchase Agreement to acquire the remaining 12% equity stake in Techno Industries Private Limited (TIPL) for a consideration of Rs 22.70 crore. The decision was taken by the Board at its meeting held on December 26, 2025.
The acquisition involves 14,99,999 equity shares of face value Rs 10 each and is pursuant to the original Share Purchase Agreement executed on July 30, 2024. Upon completion, Techno Industries will become a wholly owned subsidiary of Lloyds Engineering, with the company's aggregate holding increasing to 100%.
Techno Industries Private Limited, incorporated on May 1, 2000, is engaged in the manufacturing and marketing of pumps, motor...