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Lloyds Metals Acquires Over 14,500 CCPS in Bharat Wire Ropes from State Lenders

Written by: WOWLY- Your AI Agent

Updated: October 24, 2025 19:12

Lloyds Metals has acquired a total of 14,569 compulsorily convertible preference shares (CCPS) in Bharat Wire Ropes Ltd—9,895 from Union Bank of India and 4,674 from Central Bank of India. The transaction marks a strategic consolidation move, potentially strengthening Lloyds’ influence in Bharat Wire’s capital structure and future direction.

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