Lloyds Enterprises buys additional 1.8% stake in India Homes

Lloyds Enterprises Acquires Additional Equity Stake in India Homes

Lloyds Enterprises, a diversified holding company, has strengthened its presence in the steel industry by acquiring an additional 1.8 percent equity stake in India Homes, the manufacturer and trader of steel products, through open market transactions on February 1.

India Homes shares experienced a significant surge of 2.88 percent to Rs 13.58 on the Bombay Stock Exchange (BSE), marking the fourth consecutive session of upward movement.

Key Developments:

• Lloyds Enterprises purchased 71 lakh shares (equivalent to 1.78 percent of paid-up equity) in India Homes at Rs 13.8 per share for Rs 9.79 crore.
• Contrarily, MK Banka (HUF) sold 68.25 lakh shares at the same price.
• Lloyds Enterprises now holds a 5.21 percent equity stake in India Homes, up from 3.43 percent as per the shareholding pattern of December 2025.

Other Market Updates:

Onward Technologies was a notable performer, rising 6.95 percent to Rs 348 amid high volumes on the National Stock Exchange (NSE), continuing its uptrend for the fifth consecutive session.

Onward Technologies Acquisition:

• Rational Equity Flagship Fund I, backed by Krishnamurthy Narayanan Iyer, the ex-India CEO of Walmart, acquired 1.14 lakh shares (0.5 percent stake) in Onward Technologies at Rs 348.16 per share for Rs 3.99 crore.

Market analysts are closely watching the developments in the steel industry, as well as the performance of Onward Technologies, which is expected to continue its uptrend in the coming days.