# 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.

- Type: Acquisition
- Announced: 2025-03-05
- Where: India
- Status: announced
- Products: iron ore mining, sponge iron, pellet trading
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Lloyds Metals and Energy](https://endata.com/companies/14384.md) (acquirer)
- [Thriveni Earthmovers](https://endata.com/companies/47105.md) (target)
- [Thriveni Earthmovers and Infra Pvt Ltd](https://endata.com/companies/83305.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/lloyds-metals-seeks-cci-nod-for-stake-acquisition-in-thriveni-earthmovers/article69294641.ece), 2025-03-05: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.