Strategic Acquisition Announced: Entities Acquire 88.12% Stake in Steel Infra Solutions Company Limited (SISCOL)

Strategic Acquisition Announced: Entities Acquire 88.12% Stake in Steel Infra Solutions Company Limited (SISCOL)​

Lloyds Enterprises Limited, along with its affiliated entities Lloyds Engineering Works Limited and Streamland Estate LLP, have entered into a major transaction to acquire an aggregate of 3,57,80,117 equity shares of Steel Infra Solutions Company Limited (SISCOL). This acquisition constitutes 88.12% of the total outstanding equity share capital of the Target Company and is valued at approximately Rs. 1,073.40 Cr.

The purchase was formalized through a Share Purchase, Share Subscription and Shareholders' Agreement dated June 18, 2026, involving Lloyds Enterprises Limited, Lloyds Engineering Works Limited (a Material Subsidiary), Streamland Estate LLP, SISCOL, and the shareholders of SISCOL.

Overview of Target Company​

Steel Infra Solutions Company Limited is engaged in the business of heavy steel fabrication and infrastructure solutions, serving customers across the energy, infrastructure, and industrial segments. The company was incorporated on October 12, 2017, and operates from its registered office in Delhi, India. SISCOL provides end-to-end steel-based solutions, spanning design, engineering, fabrication, site installation, and project management for diverse infrastructural projects.

The company currently operates six production units, including a newly opened sixth manufacturing facility in Hyderabad, which is fully operational. This elevates the total production capacity across all units to 100,000 MT per annum. SISCOL holds a land area of 25 acres (101,920 sq mt) for future expansion and has contributed to major landmark developments, including Terminal 1 at Delhi Airport and ITPL Bangalore.

Financial Performance History​

SISCOL demonstrated consistent growth over the last three financial years. The company is based in India and specializes in heavy steel fabrication and infrastructure solutions.

The following table summarizes SISCOL’s turnover figures:

Transaction Structure and Consideration​

The acquisition is structured across three entities, utilizing a combination of cash consideration and share swap (non-cash consideration), amounting to the total consideration of approximately Rs. 1,073.40 Cr. The structure and details are provided below:


Acquisition Details by Acquirer:
Lloyds Enterprises Limited: The company acquired 73,00,000 equity shares, representing 17.98% of the total outstanding equity share capital. The entire consideration for this acquisition was discharged through cash, amounting to Rs. 219,00,00,000/-.

Lloyds Engineering Works Limited: This entity acquired up to 2,11,80,117 equity shares (52.16%). The consideration for this portion is divided as follows:

• Cash Consideration: Rs. 1,31,84,72,100/- was paid for the acquisition of 43,94,907 equity shares (10.82%).
• Share Swap (Non-Cash): The entity will issue and allot 7,06,74,554 equity shares to the sellers/shareholders at a price of INR 71.25 per share, covering up to 1,67,85,210 equity shares (41.34%), for a total consideration of up to Rs. 5,03,55,61,972.50.

Streamland Estate LLP: This entity acquired 73,00,000 equity shares (17.98%). The full consideration for this acquisition was paid in cash, amounting to Rs. 219,00,00,000/-.

The total cost of acquisition accounted by the companies is Rs. 219,00,00,000/-, referring specifically to Lloyds Enterprises Limited’s acquisition portion. The transaction's objectives include strategic acquisition and long-term value creation for the Company, anticipated enhancement in consolidated revenue and profitability, and establishing a pathway towards a future listing of SISCOL by LEWL within thirty months from Stage 1 completion.

Stock Price Movement​

As of 15:13, shares of Saint Gobain Sekurit India Ltd are ticking down at ₹123.00, registering a 1.24% decline for the day. The stock moved significantly in tandem, ranging between an intraday high of ₹126.90 and a low of ₹122.00.