Loan Amount: ₹200 Crore (Rupees Two Hundred Crore only)
Nature of Loan: Secured
Purpose: To avail financial assistance for the proposed acquisition of equity shares of Steel Infra Solutions Company Limited (SISCOL) for an aggregate consideration of approximately ₹200 Crore.
Security: A pledge of the equity shares of Steel Infra Solutions Company Limited (SISCOL) to be acquired.
Outstanding Amount: Nil as of the disclosure date.
Relationship & Transaction Type
Shareholding in Lender: The Company holds no shares in Tata Capital Limited.
Related Party: The parties are not related to the promoter/promoter group/group companies.
Related Party Transaction: The transaction does not fall within related party transactions and is stated to be done at arm's length.
Additional Information
The disclosure was signed and submitted by Rahima Shabbir Shaikh, Company Secretary and Compliance Officer (Membership No: ACS 63449).
The full details are enclosed as "Annexure A" and are available on the Company's website at www.lloydsengg.in.
