StockWatch
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Non Banking Financial Company (NBFC)
Acquisitions17 Aug 2026, 06:50 pm

Lloyds Enterprises Completes ₹219 Cr Acquisition of 17.98% in Steel Infra Solutions

AI Summary

Lloyds Enterprises Limited has successfully completed the acquisition of 73,00,000 equity shares, representing 17.98% of the total outstanding equity share capital, in Steel Infra Solutions Company Limited (SISCOL). The transaction, valued at approximately ₹219,00,00,000 (Rupees Two Hundred and Nineteen Crores) paid in cash, was finalized on August 17, 2026. This follows the execution of a Share Purchase, Share Subscription and Shareholders’ Agreement (SPSSSHA) on June 18, 2026, involving the Company, its Material Subsidiary Lloyds Engineering Works Limited (LEWL), Streamland Estate LLP, SISCOL, and SISCOL's shareholders. The update confirms the completion of this strategic investment.

Key Highlights

  • Acquisition of 17.98% stake in Steel Infra Solutions Company Limited completed.
  • Total consideration for the acquisition is ₹219 Crores paid in cash.
  • Transaction involves Lloyds Enterprises and its material subsidiary LEWL.
  • Acquisition finalized on August 17, 2026.
  • Details align with the Share Purchase, Share Subscription and Shareholders’ Agreement.