SKY UNITED LLP, Thriveni Earthmovers Private Limited and Shree Global Tradefin Limited (BSE:512463) made an offer to acquire an additional 25.37% stake in Lloyds Metals and Energy Limited (BSE:512455) for INR 15.5 billion on April 29, 2022. This Open Offer is made to acquire up to 11,28,04,137 Equity Shares, representing 25.37% of the Voting Share Capital, at a price of INR 137 per Equity Share. Offerors do not intend to de-list Lloyds pursuant to Open Offer. As on the date of Offer, there are no statutory or regulatory approvals required by the Acquirers, to acquire the Equity Shares of Lloyds. However, in case of any statutory or regulatory approvals being required and/or becoming applicable at a later date before the closing of the Tendering Period (as defined below), this Open Offer would be subject to the receipt of such approvals. Offer will open on June 23, 2022 and will close on July 6, 2022. As per revised schedule, offer will open on September 16, 2022 and will close on September 29, 2022. Manish Gaur and Rajendra Kanoongo of Mark Corporate Advisors Private Limited acted as manager and Arvind Tandel of Bigshare Services Pvt. Ltd. acted as registrar to SKY UNITED LLP, Thriveni Earthmovers Private Limited and Shree Global Tradefin Limited.

SKY UNITED LLP, Thriveni Earthmovers Private Limited and Shree Global Tradefin Limited (BSE:512463) completed the acquisition of an additional 0.0012% stake in Lloyds Metals and Energy Limited (BSE:512455) for INR 0.71 million on September 29, 2022.