Lloyds Enterprises Acquires 88.12% Stake in Steel Infra Solutions Company for Rs. 1,073.40 Crore
Lloyds Enterprises Limited (LEL) has announced a strategic acquisition of a significant equity stake in Steel Infra Solutions Company Limited (SISCOL), securing control over the infrastructure solutions company. The transaction, finalized through a Share Purchase, Share Subscription and Shareholders' Agreement dated June 18, 2026, involves Lloyds Enterprises Limited, its subsidiary Lloyds Engineering Works Limited (LEWL), and Streamland Estate LLP acquiring a total of 3,57,80,117 equity shares of SISCOL.The combined acquisition by the entities amounts to an 88.12% stake in SISCOL, representing a total consideration of approximately Rs. 1,073.40 Crore.
Acquisition Structure Details
The procurement of the shares was structured across three parties:
Lloyds Engineering Works Limited (LEWL) and Streamland Estate LLP acquired an aggregate of 2,97,80,117 equity shares. Meanwhile, Lloyds Enterprises Limited secured 73,00,000 equity shares. The acquisition details and the financial structure are summarized below:
| Acquiring Entity | Shares Acquired (Number) | Percentage of Total Outstanding Equity Capital | Consideration Details |
|---|---|---|---|
| Lloyds Enterprises Limited | 73,00,000 | 17.98% | Cash consideration for Rs. 219 Cr |
| Lloyds Engineering Works Limited (LEWL) | Up to 2,11,80,117 | 52.16% | Partly through cash and partly through share swap |
| Streamland Estate LLP | 73,00,000 | 17.98% | Cash consideration for Rs. 219 Cr |
Financial Breakdown of the Acquisition
The total acquisition cost is structured as follows:
- Lloyds Enterprises Limited: Acquired 73,00,000 equity shares at a cash consideration of approximately Rs. 219 Crore.
- Streamland Estate LLP: Paid a total consideration of approximately Rs. 219 Crore in cash for 73,00,000 equity shares.
- Lloyds Engineering Works Limited (LEWL): For the acquisition of up to 2,11,80,117 equity shares, LEWL discharged consideration through a combination of cash and non-cash (share swap) payments, totaling approximately Rs. 635.40 Crore.
The specific details regarding the payment structure for LEWL include:
| Consideration Type | Shares Involved | Total Consideration |
|---|---|---|
| Cash Payment (LEWL) | 43,94,907 equity shares | Rs. 1,31,84,72,100/- |
| Share Swap (Non-Cash) | Up to 1,67,85,210 equity shares | Up to Rs. 5,03,55,61,972.50 |
Target Company Profile and Strategic Rationale
Steel Infra Solutions Company Limited (SISCOL), the target entity, is engaged in heavy steel fabrication and infrastructure solutions, serving customers across the energy, infrastructure, and industrial segments through end-to-end steel based solutions.
The company has maintained a consistent growth trajectory over the past three financial years:
| Financial Year | Turnover (Rs. in Crores) |
|---|---|
| FY 2025-26 | Rs. 816.87 Crores |
| FY 2024-25 | Rs. 636.10 Crores |
| FY 2023-24 | Rs. 573.49 Crores |
SISCOL was incorporated on October 12, 2017, and currently operates six production units, including a newly opened facility in Hyderabad, which has boosted the company's total production capacity to 100,000 MT per annum. The company is noted for its contributions to landmark developments such as Terminal 1 at Delhi Airport and ITPL Bangalore.
The acquisition aims to provide strategic and long-term value creation opportunities to Lloyds Enterprises Limited (LEL) and LEWL by securing a significant stake in SISCOL's future growth. Upon completion of the acquisition, the companies anticipate a substantial enhancement in their consolidated revenue, profitability, and net worth. Furthermore, as part of the transaction roadmap, LEWL intends to file a Draft Red Herring Prospectus for the proposed listing of SISCOL within thirty months from the completion of Stage 1.
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