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Lloyds Engineering Works Limited (listed as LLOYDSENGG (NSE), Scrip Code 539992 (BSE)) acquired a controlling 51.13 % stake in Steel Infra Solutions Company Limited (SISCOL), bringing its total holding to 86.89 % (3,54,79,871 shares) as of 17 August 2026.
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The transaction cost the Company ₹626.40 crore in total, comprising a cash component of ₹127.34 crore for 42,44,784 shares and a share‑swap of 7,00,42,458 preferential shares issued at ₹71.25 each, covering 1,66,35,087 shares.
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SISCOL reported ₹816.87 crore turnover and ₹43.42 crore net profit for FY 2025‑26, operating six plants with a combined capacity of 100,000 MT/yr and a land base of 25 acres.
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The acquisition is aimed at expanding Lloyds Engineering’s product portfolio, achieving procurement and engineering synergies, and strengthening its order book to bid for larger turnkey/EPC infrastructure projects.
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The Company plans to file a Draft Red Herring Prospectus for SISCOL within 30 months, targeting an independent listing that could unlock additional valuation upside for shareholders.
Lloyds Engineering Works' acquisition of a controlling stake in SISCOL is expected to lift the share price as investors anticipate revenue growth and synergies, though dilution from the share‑swap may temper enthusiasm. Overall impact is likely modestly positive.
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Forecast from comparable, historic events. Not investment advice.
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