Lloyds Enterprise announced its foray into the real estate sector through the planned acquisition of a 60% stake in Lloyds Realty Developers (LRDL). Valued at Rs 110 crore, this all cash investment (into equity of Lloyds Realty Developers) marks a pivotal moment for LEL as it endeavours to strengthen its presence in the realty business.

The investment is made at near the book value of Lloyds Realty via a fresh infusion, without any payment to existing shareholders, which will be diluted due to new addition of funds by LEL.

This transaction brings LEL one more step further in the consolidation process, which the company has been following for a while. LEL now holds significant interests in various industries like Metals, Engineering, Trading and now Real Estate via its investments.