Pudumjee Paper Products Limited has proposed to acquire equity shares of Lloyds Enterprise Limited from the open market for a maximum consideration of up to ₹20 Crores.

This acquisition, involving approximately 0.30% of the company’s equity, is aimed at investment purposes and is expected to be completed within one working week.

Lloyds Enterprise, engaged in trading iron and steel products with a consolidated revenue of ₹1,09,375.41 Lakhs in FY 2023-24, is part of the larger Lloyds Group, which also handles investments in various securities.

This strategic move may enhance Pudumjee’s investment portfolio and diversify its operations.