
Loan & Debt14 Aug 2026, 07:31 am
Lloyds Engineering Secures ₹200 Cr Loan for SISCOL Acquisition
AI Summary
Lloyds Engineering Works Limited has entered into a loan agreement with Tata Capital Limited for financial assistance amounting to ₹200 Crore. This funding is earmarked for the proposed acquisition of equity shares in Steel Infra Solutions Company Limited (SISCOL). The loan is secured, and the agreement was executed on August 13, 2026. The security for the loan will be a pledge of equity shares in SISCOL. This move is a significant step towards the company's strategic acquisition plans.
Key Highlights
- Secured ₹200 Crore loan from Tata Capital Limited.
- Loan to finance the acquisition of Steel Infra Solutions Company Limited.
- Agreement executed on August 13, 2026.
- Loan is secured by a pledge of SISCOL equity shares.
Price Impact
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