Lloyds Enterprises Launches ₹992 Crore Rights Issue to Boost Real Estate Growth

Fund infusion to strengthen Mumbai projects, expand asset-light model, and enhance multi-sector growth portfolio.

Lloyds Enterprises Limited (LEL) has announced a ₹992.26 crore Rights Issue to accelerate growth in its high-potential real estate subsidiary, Lloyds Realty Developers Limited (LRDL), where it holds a 60% stake. The fundraise involves 25.44 crore partly paid equity shares at ₹39 each, with half payable on application and the balance due by March 31, 2027. The Rights Entitlement ratio is 1:5, with the issue opening on August 25, 2025, and closing on September 8, 2025.

Proceeds will be channelled into LRDL via subscription to Non-Convertible Debentures, supporting projects in Mumbai Metropolitan Region such as an SRA commercial project in Bandra, a Goregaon redevelopment, residential and plotted development in Khopoli, a warehousing hub in North Mumbai, and a land parcel in Thane. LRDL operates an asset-light, low-debt model backed by strong joint ventures, aiming for high returns and rapid cash flow cycles.

Beyond real estate, LEL also has strategic holdings in other growth sectors: a 31.58% stake in Geomysore Services India, which operates India’s first private gold mine; 33% in Lloyds Engineering Works, which is expanding into defence and infrastructure; and exposure to the integrated mining-to-metals chain via Lloyds Metals & Energy.

With a diversified portfolio and scalable opportunities, LEL positions itself as a multi-sector investment platform. This Rights Issue marks a significant step in unlocking value from its real estate and other high-growth verticals. Lloyds Enterprises Ltd is an Indian company that mainly deals in iron ore mining, steel products, engineering, and real estate development. It operates through subsidiaries and investments, including heavy equipment manufacturing, real estate, and gold mining. Originally known as Benson Steels Ltd, it was renamed Lloyds Enterprises Ltd in 2023 and is listed on major stock exchanges. The company focuses on growth across multiple sectors and is part of the larger Lloyds Group.

This article is intended for informational purposes only and should not be considered as investment advice.