Lloyds Metals and Energy MD, B. Prabhakaran, Leads Major Stake in Thriveni Earthmovers' Acquisition
Rahulpatel399131 Aug, 2025Business
Mumbai (Maharashtra) [India], January 4: In a significant development in India's mining sector, Lloyd Metals & Energy Ltd. has announced the acquisition of a 79.82% equity stake in Thriveni Earthmovers Private Limited, marking a strategic expansion in its mining operations. This move has resulted in the share of Lloyds soaring in the stock market attributed to B. Prabhakaran, the Managing Director of Thriveni Earthmovers who is now at the helm of Lloyds as the Managing Director.
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