Lloyds Enterprises Limited (BSE:512463) agreed to acquire a 60.38% stake in Aristo Realty Developers Ltd for INR 1.1 billion on December 6, 2023.

Lloyds Enterprises Limited (BSE:512463) completed the acquisition of 60.38% stake in Aristo Realty Developers Ltd on January 31, 2024. Key Details about the Acquisition: (a) The investment, made at book value of LRDL, was executed through a fresh infusion of funds without any payment to existing shareholders of LRDL, which will be diluted due to the new addition of funds by LEL. (b) With this infusion of funds, LRDL has become completely Debt-Free. (c) This all-cash deal is anticipated to uplift LRDL's operations in the near to medium term.