Lloyds Engineering Works acquires a 51.13% controlling stake in Steel Infra Solutions Company (SISCOL) in a deal valued at Rs 626.40 crore, according to NDTV.
The transaction is completed through a mix of cash and share issuance. As a result of the purchase, Lloyds Engineering holds a majority stake in SISCOL, giving it control over the company’s management and decisions. NDTV does not indicate any additional terms or operational changes beyond the stake purchase and the stated consideration.
All reporting provided is consistent on the stake percentage, the company involved, the deal value, and the structure combining cash with issuance of shares. No other differing angles or supplementary details are included in the sources shared here.
