Lloyds Engineering Acquires 51.13% Stake in SISCOL for ₹626 Crore
Lloyds Engineering Works Limited acquired 51.13% of Steel Infra Solutions Company Limited (SISCOL) for ₹626.39 crore on August 17, 2026. The deal involved cash and share swap. SISCOL, with FY26 turnover of ₹816.87 crore, is now a subsidiary. The acquisition aims to expand capabilities and create synergies.
The acquisition of a subsidiary significantly alters the company's structure and business operations, indicating a high impact on its future growth and market presence.
The acquisition of a controlling stake in SISCOL is a strategic move that is expected to expand the company's capabilities, create synergies, and strengthen its market position, which is positive for the company.
Lloyds Engineering Works Limited has announced the successful acquisition of a 51.13% stake in Steel Infra Solutions Company Limited (SISCOL) for a total consideration of ₹626.39 crore. The acquisition, effective August 17, 2026, was consummated through a combination of cash payment and share swap.
Lloyds Engineering Works Limited acquired 2,08,79,871 equity shares of SISCOL. Of this, ₹127.34 crore was paid in cash for 42,44,784 equity shares (10.39% stake). The remaining 1,66,35,087 equity shares (40.74% stake) were acquired through a share swap, involving the issuance of 7,00,42,458 equity shares at ₹71.25 per share, for a total consideration of up to ₹499.05 crore.
Additionally, Lloyds Enterprises Limited, the holding company, acquired 73,00,000 equity shares (17.88% stake) for ₹219 crore in cash, and Streamland Estate LLP acquired another 73,00,000 equity shares (17.88% stake) for ₹219 crore in cash. Following these acquisitions, SISCOL has become a subsidiary of Lloyds Engineering Works Limited.
SISCOL is engaged in heavy steel fabrication and infrastructure solutions, with a turnover of ₹816.87 crore and a net profit of ₹43.42 crore for the financial year 2025-26. The acquisition is expected to expand Lloyds Engineering's capabilities, create operating synergies, strengthen its order book, and pave the way for a future listing of SISCOL within thirty months.
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LLOYDS ENGINEERING WORKS LIMITED filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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