Lloyds Engineering Works Secures Rs 200 Crore Loan from Tata Capital for Steel Infra Solutions Acquisition
Lloyds Engineering Works Limited has finalized a loan agreement with Tata Capital Limited, securing financial assistance amounting to Rs 200 Crore. The funds are earmarked for the proposed acquisition of equity shares in Steel Infra Solutions Company Limited (SISCOL).The transaction was completed on August 13, 2026, and the agreement details detail the financial structure supporting Lloyds Engineering Works' strategic move into acquiring stakes in SISCOL.
Lloyds Engineering Works Limited secured a Rs 200 Crore loan from Tata Capital Limited to fund the purchase of equity shares of Steel Infra Solutions Company Limited. The assistance is designated for the proposed acquisition through cash consideration.
Key details of the agreement highlight the nature and structure of the financial commitment between the two entities. The loan granted is classified as secured, and at the time of execution, the total outstanding amount was Nil.
A summary of the transaction specifics are detailed below:
| Particulars | Details |
|---|---|
| Lender | Tata Capital Limited |
| Borrowing Company | Lloyds Engineering Works Limited |
| Loan Amount | Rs 200 Crore |
| Nature of Transaction | Financial assistance for acquisition of equity shares in Steel Infra Solutions Company Limited (SISCOL) |
| Date of Execution | August 13, 2026 |
| Security Provided | Pledge of equity shares of Steel Infra Solutions Company Limited |
The agreement confirms that neither the parties nor any associated individuals are related to a promoter group. Furthermore, the transaction has been established as non-related party in nature.
LLOYDSENGG Stock Price Movement
LLOYDS ENGINEERING WORKS LIMITED slipped by 1.31% on Thursday, settling at ₹91.15, which represented a decline of ₹1.21 from the previous closing price. The equity closed amidst significant trading activity, with 4.81 million shares being traded throughout the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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