Lloyds Metals seeks CCI approval for majority stake in Thriveni Earthmovers

Lloyds Metals and Energy Ltd has sought CCI approval to acquire a 79.82% stake in Thriveni Earthmovers and Infra Pvt Ltd and integrate the mining business of Thriveni Earthmovers Pvt Ltd into it. The transaction was structured via a Share Subscription Agreement signed on February 17, 2025.

“The proposed transaction, structured in three key steps, will see LMEL subscribe to a 79.82 per cent equity stake in TEIL, followed by the demerger of the MDO business of TEMPL into TEIL.”thehindubusinessline.com

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• thehindubusinessline.comLloyds Metals seeks CCI nod for stake acquisition in Thriveni Earthmovers - The HinduBusinessLineKR SrivatsMar 5, 2025

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