CCI Approves Lloyds Metals Acquisition of 49.99% Stake in Thriveni Pellets
Competition Commission of India approves Lloyds Metals’ acquisition of 49.99% equity in Thriveni Pellets, strengthening iron ore and DRI production collaboration, enhancing supply chain and pellet trading in India.
Key Highlights:
- 49.99% equity stake of Thriveni Pellets approved for acquisition by Lloyds Metals and Energy
- LMEL’s business includes iron ore mining, DRI production, captive power generation, and pellet trading
- TPPL operates in iron ore pellet sales in India; subsidiary Brahmani River Pellets engaged in production and sales
- Detailed order from CCI will follow for further compliance and regulations
| Category | Details |
|---|---|
| Acquirer | Lloyds Metals and Energy Ltd (LMEL) |
| Target Company | Thriveni Pellets Pvt Ltd (TPPL) |
| Stake Approved | 49.99% Equity |
| LMEL Business Segments | Iron ore mining, DRI production, captive power, pellet trading |
| TPPL Subsidiary | Brahmani River Pellets Ltd |
| Regulatory Authority | Competition Commission of India |
The acquisition strengthens India’s iron ore and DRI sector, enhancing domestic pellet production and trading, while maintaining regulatory compliance under CCI
