India, Oct. 7 -- The Government of India has issued a release:
The Competition Commission of India has approved the acquisition of 49.99% equity share capital of Thriveni Pellets Private Limited (TPPL/Target) by Lloyds Metals and Energy Limited (LMEL/Acquirer).
The 'Proposed Combination' involves the acquisition of 49.99% of the equity share capital of TPPL by LMEL.
LMEL was incorporated as an iron ore mining company. Currently, its business segments include: (a) iron ore mining; (b) Direct Reduced Iron (DRI) production; (c) generation of captive power; and (d) pellet trading. LMEL supplies iron ore fines and pellets mined / produced around the world.
TPPL is engaged in the sale of iron ore pellets in India. TPPL's wholly owned subsidia...