CCI approves acquisition of 7.14% stake in Llyods Engineering Works by Thriveni Earthmovers Pvt Ltd. and merger of three entities into Lloyds Engineering Works Ltd

India, May 12 -- The Government of India has issued a release:

The Competition Commission of India (CCI) has approved the acquisition of 7.14% stake in Llyods Engineering Works Limited by Thriveni Earthmovers Private Limited and merger of three entities into Lloyds Engineering Works Limited.

The Proposed Combination envisages the following:

Block Deal: Acquisition of 7.14% shareholding in Llyods Engineering Works Limited (LEWL) by Thriveni Earthmovers Private Limited (TEMPL) on the BSE Limited on 09th February 2026.

Merger: Merger by absorption, of Lloyds Infrastructure & Construction Limited (LICL), Metalfab Hightech Private Limited (MHPL) and Techno Industries Private Limited (TIPL) into LEWL, which is the surviving entity pursuant to...