Madhu Kela to become investor in Lloyds Engineering as part of SISCOL acquisition, to receive nearly 73 lakh shares (opens original article in a new tab)

Lloyds Engineering acquires 88.12% stake in SISCOL for Rs 1,073 crore, with Madhu Kela's MK Ventures receiving 72.95 lakh shares. The deal values SISCOL at Rs 1,220 crore and expands Lloyds' infrastructure and engineering capabilities.

• Lloyds Engineering acquires 88.12% stake in SISCOL for Rs 1,073 crore through cash and share swap
• MK Ventures, owned by Madhu Kela, receives 72.95 lakh Lloyds Engineering shares as part of transaction
• SISCOL valued at Rs 1,220 crore with Lloyds Engineering expanding infrastructure and engineering capabilities
• Combined entity gains 10+ manufacturing facilities and 1.5 lakh metric tonnes per annum fabrication capacity