Lloyds Enterprises (LLOYDSENT) is making a significant strategic move, acquiring an 88.12% stake in Steel Infra Solutions Company (SISCOL) for a total consideration of Rs. 1,073.40 Cr.

LLOYDSENT directly secures 17.98% for Rs. 219 Cr.

This acquisition expands LLOYDSENT's footprint into heavy steel fabrication and infrastructure solutions, serving the energy, infrastructure, and industrial segments.

The company expects this will significantly enhance consolidated revenue, profitability, and net worth.

A future listing for SISCOL is also planned, aiming to unlock additional value for LLOYDSENT shareholders.