Lloyds Engineering Acquires 88.12% of SISCOL for ₹1,073.4 Cr

Lloyds Engineering Works Ltd announced a significant acquisition of up to 88.12% equity shares in Steel Infra Solutions Company Limited (SISCOL) for approximately ₹1,073.40 Cr. The acquisition will be undertaken by Lloyds Engineering, its holding company Lloyds Enterprises Limited, and Streamland Estate LLP. Lloyds Engineering will acquire 52.16% stake for ₹635.40 Cr through a mix of cash and share swap. The remaining stake will be acquired by Lloyds Enterprises and Streamland Estate LLP for ₹219 Cr each, entirely through cash. Additionally, the company plans a preferential allotment of up to 7,06,74,554 equity shares at a premium of ₹70.25 to raise capital for the acquisition, and another allotment of 7,00,000 equity shares for cash to raise additional capital. An Extra Ordinary General Meeting is scheduled for July 15, 2026, to seek shareholder approval.