CCI Approves Acquisition of Thriveni Pellets by Lloyds Metals

The Competition Commission of India has approved Lloyds Metals and Energy Limited's acquisition of 49.99% equity share capital in Thriveni Pellets Private Limited. This acquisition is part of LMEL's strategy to expand its operations in the iron ore sector, which includes mining, DRI production, and pellet trading. TPPL, engaged in the sale of iron ore pellets in India, has a subsidiary that also produces pellets.

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