The Competition Commission of India (CCI) has approved Lloyds Metals’ acquisition of a 49.99% equity stake in Thriveni Pellets Private Limited (TPPL). This transaction was previously subject to CCI approval, and the company received the official nod via letter dated October 7, 2025. The acquisition will proceed pending the detailed order from the CCI. This strategic move will likely expand Lloyds Metals’ presence in the steel industry.
Acquisition Approved
Lloyds Metals and Energy Limited announced that the Competition Commission of India (CCI) has approved the acquisition of a 49.99% equity stake in Thriveni Pellets Private Limited (TPPL). The company received official confirmation of this approval through a letter dated October 7, 2025.
Details of the Transaction
This acquisition, initially announced on August 12, 2025, involves Lloyds Metals acquiring a significant stake in TPPL. Additionally, the arrangement includes the issuance of equity shares on a preferential basis to Adler Industrial Services Private Limited (AISPL). Receipt of the CCI approval is a key milestone in completing the transaction.
Next Steps
Lloyds Metals is currently awaiting the detailed order from the CCI. The company has also made this information available on its website.
Source: BSE
