Lloyds Engineering acquires 51.13% in SISCOL via cash and share swap

Fund Raising View source PDF Explain this filing

LLOYDSENGG · price

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Price reactionminutes from the announcement price · days from the prior close

+3.1%Reaction day

₹91.20

prior close

₹91.77

announcement price

After-mkt

timing

Nifty Microcap 250market+0.4%+2.7% vs market

Industrial Products peers, median of 133sector-0.0%+3.1% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 3.1 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.9

10m

+1.0

15m

+0.8

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.1+0.4+2.7-0.0+3.1

Next day

+1.7-0.2+1.9+0.0+1.7

+1.2+0.3+0.9+0.6+0.6

-0.4+0.6-1.0+1.0-1.4

-3.9+0.8-4.7+0.8-4.7

-6.1+0.4-6.5+0.6-6.7

-3.6+0.7-4.4-0.2-3.4

15d

-10.5+2.0-12.5+1.8-12.4

-9.5+0.7-10.3+1.8-11.3

+3.2-3.4+6.6-1.2+4.4

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 133Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Lloyds Engineering Works acquired 51.13% stake in Steel Infra Solutions (SISCOL) for Rs 626.4 Crores. Paid partly cash (Rs 127.3 Crores for 10.39%) and partly via share swap (issued 7 crore preferential shares at Rs 71.25 for 40.74%). SISCOL, now a subsidiary, has FY26 turnover of Rs 816.87 Crores and net profit of Rs 43.42 Crores. Plans to file DRHP for SISCOL listing within 30 months.

Likely market impact

SISCOL becomes a revenue-generating subsidiary adding Rs 817 Cr turnover, expanding the engineering platform. Share swap component may dilute existing shareholders.