Madhu Kela to become investor in Lloyds Engineering as part of SISCOL acquisition, to receive nearly 73 lakh shares

Lloyds Engineering will acquire an 88.12% stake in Steel Infra Solutions Company (SISCOL) for about Rs 1,073 crore through cash and share swaps. The deal expands its engineering, EPC, and infrastructure capabilities, adding manufacturing capacity, design centres, and a diversified project portfolio. As part of the transaction, well-known investor Madhu Kela will receive nearly 73 lakh shares and become an investor in Lloyds Engineering.