CCI approves 49.99 percent stake purchase in Thriveni Pellets
LLOYDSME · price
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On the reaction day the stock moved 0.6 pts less than Nifty Midcap 150 and 0.3 pts less than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Competition Commission of India has approved Lloyds Metals and Energy's planned purchase of a 49.99 percent stake in Thriveni Pellets Private Limited. The deal, approved by the board on 12 August 2025, also involves issuing equity shares on a preferential basis to Adler Industrial Services. The detailed CCI order is still awaited.
CCI clearance removes a key hurdle for the acquisition and reduces completion uncertainty. The detailed order remains pending.