StockWatch
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Non Banking Financial Company (NBFC)
Loan & Debt13 Aug 2026, 06:11 pm

Lloyds Enterprises Secures ₹219 Cr Loan for Steel Infra Acquisition

AI Summary

Lloyds Enterprises Limited has executed a loan agreement with Tata Capital Limited for financial assistance amounting to ₹219 crore. This funding is earmarked for the proposed acquisition of equity shares in Steel Infra Solutions Company Limited and associated transaction expenses. The loan is secured, and the agreement was executed on August 13, 2026. The total outstanding loan amount for the company is now ₹316 crore. This move signifies a strategic step towards expanding its operations through acquisition.

Key Highlights

  • Secured ₹219 crore loan from Tata Capital Limited.
  • Loan to fund acquisition of Steel Infra Solutions Company Limited.
  • Agreement executed on August 13, 2026.
  • Loan is secured by pledge of shares.
  • Total outstanding debt now stands at ₹316 crore.