Lloyds Enterprises Limited has announced that its material subsidiary, Lloyds Engineering Works Limited (LEWL), has amended a Share Purchase Agreement to acquire the remaining 12% equity stake in Techno Industries Private Limited (TIPL). The acquisition involves 14,99,999 equity shares of TIPL at a total consideration of ₹22.70 Crore. Upon completion of this acquisition, LEWL will hold 100% of TIPL's equity share capital, making TIPL a wholly owned subsidiary of LEWL and a step-down subsidiary of Lloyds Enterprises Limited. TIPL is engaged in the manufacturing and marketing of pumps, motors, and elevators. The acquisition is considered strategic, aiming to expand LEWL's product offerings into electrical engineering products. The transaction is being conducted on an arm's length basis and is expected to be completed within one month. TIPL was incorporated on May 1, 2000, and is based in Ahmedabad, Gujarat. For the financial year 2024-25, TIPL reported a turnover of ₹15,504.40 lakhs.