Lloyds Enterprises Acquires 88.12% Stake in Steel Infra Solutions for ₹1,073.40 Cr
Lloyds Enterprises Limited will acquire 88.12% of Steel Infra Solutions Company Limited for ₹1,073.40 crore. The acquisition involves cash and share swap components. SISCOL reported FY26 turnover of ₹816.87 crore and net profit of ₹43.42 crore. The deal is expected to complete by July 31, 2026.
The acquisition involves a substantial financial consideration of over ₹1,000 crore and represents a significant strategic move that is expected to have a considerable impact on the company's financials and market position.
The acquisition of a significant stake in Steel Infra Solutions Company Limited is expected to bring strategic benefits, long-term value creation, and enhance consolidated financial performance, indicating a positive outlook.
Lloyds Enterprises Limited announced today, June 18, 2026, that its Board of Directors has approved the acquisition of equity shares of Steel Infra Solutions Company Limited (SISCOL). The company, along with its material subsidiary Lloyds Engineering Works Limited (LEWL) and Streamland Estate LLP, will acquire an aggregate of 3,57,80,117 equity shares, representing 88.12% of SISCOL's total outstanding equity share capital, for a total consideration of approximately ₹1,073.40 crore.
Lloyds Enterprises Limited will acquire 73,00,000 equity shares (17.98%) through cash for ₹219 crore. Lloyds Engineering Works Limited will acquire up to 2,11,80,117 equity shares (52.16%) partly through cash and partly through share swap for approximately ₹635.40 crore. Streamland Estate LLP will acquire 73,00,000 equity shares (17.98%) through cash for ₹219 crore.
SISCOL is engaged in heavy steel fabrication and infrastructure solutions. For the financial year 2025-26, SISCOL reported a turnover of ₹816.87 crore and a net profit of ₹43.42 crore. The acquisition is expected to provide strategic long-term value creation, enhance shareholder value, and significantly improve Lloyds Enterprises' consolidated financial performance. As part of the transaction roadmap, LEWL aims to file a Draft Red Herring Prospectus for SISCOL's listing within 30 months of completing Stage 1 of the transaction.
The acquisition is expected to be completed by July 31, 2026, with the possibility of extension. The Board meeting commenced at 12:15 P.M. (IST) and concluded at 02:55 P.M. (IST).
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Lloyds Enterprises 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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