Madhu Kela Joins Lloyds Engineering via Rs 1,073 Crore SISCOL Acquisition

Lloyds Engineering has announced a massive strategic expansion through the acquisition of an 88.12% stake in Steel Infra Solutions Company (SISCOL). This landmark deal, valued at approximately Rs 1,073 crore, will see veteran investor Madhu Kela’s firm, MK Ventures, transition into a significant shareholder in Lloyds Engineering.

The Strategic Deal Structure and Valuation

The acquisition of SISCOL is structured through a sophisticated combination of cash and share swaps. Lloyds Engineering will directly acquire a 52.16% stake in SISCOL for roughly Rs 635.4 crore. To complete the 88.12% majority stake, group entities Lloyds Enterprises and Streamland Estate LLP will each acquire a 17.98% stake for Rs 219 crore.

The total transaction values SISCOL at approximately Rs 1,220 crore. To facilitate the transfer of ownership, Lloyds Engineering’s board has approved a preferential issue of up to 7.06 crore equity shares, worth Rs 503.56 crore, to SISCOL's selling shareholders. Additionally, a separate preferential issue of 7 lakh shares worth Rs 4.99 crore has been approved for cash. These proposals are awaiting shareholder approval at an extraordinary general meeting scheduled for July 15.

Madhu Kela’s Entry into Lloyds Engineering

A key highlight of this transaction is the involvement of boutique investment firm MK Ventures, owned by renowned market veteran Madhu Kela. Currently, MK Ventures holds a 4.27% stake in SISCOL.

As part of the share swap mechanism, MK Ventures will transfer 17.33 lakh shares of SISCOL. In exchange, the firm will receive approximately 72.95 lakh equity shares of Lloyds Engineering through a preferential allotment. This move effectively pivots Kela’s interest from the target company to the acquiring entity, making him a key investor in the expanded Lloyds Engineering ecosystem.

Scaling Infrastructure and EPC Capabilities

This acquisition is a major play to dominate the engineering, structural fabrication, and EPC (Engineering, Procurement, and Construction) sectors. SISCOL brings an impressive track record, having executed 187 structural steel projects across 22 Indian states since 2018. Their portfolio includes high-profile assets such as Delhi Airport Terminal 1, Noida International Airport, and the Dwarka Convention Centre.

合并后的实体将拥有强大的工业实力，包括：

  • 制造与设计： 拥有 10 多家制造工厂和 6 个工程/设计中心。
  • 加工能力： 初始结构加工能力为每年 15 万公吨 (MTPA)，并计划逐步扩大至每年 20 万公吨。
  • 客户生态系统： 拥有包括 L&T、Tata Projects、Adani Group、Shapoorji Pallonji 和 DP World 在内的蓝筹客户名单。

通过整合 SISCOL 的专业知识，Lloyds Engineering 旨在为国防、数据中心、交通运输和城市发展等关键领域提供端到端的“从设计到交付”解决方案。

核心要点

  • 重大整合： Lloyds Engineering 正在以 1,073 亿卢比的交易价值收购 SISCOL 88.12% 的股份，以增强其在 EPC 和结构加工领域的业务版图。
  • 投资者参与： 作为股份交换安排的一部分，资深投资者 Madhu Kela（通过 MK Ventures）将获得约 730 万股 Lloyds Engineering 的股份。
  • 规模提升： 此次合并打造了一个拥有 10 多家制造工厂的强大实体，并制定了将结构加工能力扩大至每年 20 万公吨的路线图。