Lloyds Engineering Works Limited (LEWL) announced that its Board of Directors, at a meeting held on Tuesday, May 20, 2025, approved the execution of a Share Purchase Agreement with the promoters of Metalfab Hightech Private Limited (MEHPL).
As part of the agreement, LEWL will acquire 21,85,000 equity shares of MEHPL at a price of Rs 130 per share, amounting to a total consideration of Rs 28.40 crore. This acquisition represents 76% of MEHPL’s total issued, subscribed, and paid-up share capital.