Lloyds Group and Thriveni Group have secured the Competition Commission of India’s (CCI) approval for the proposed open market share acquisition of Lloyds Engineering Works Limited by Thriveni Earthmovers Private Limited, and merger of Lloyds Infrastructure and Construction Limited, Techno Industries Private Limited, and Metalfab Hightech Private Limited, into Lloyds Engineering Works.

Chandhiok & Mahajan advised both Lloyds Group and Thriveni Group on securing the CCI approval. The Firm assisted in navigating the notification process and securing antitrust clearance.

The team was led by Karan Singh Chandhiok (Partner and Head of Competition and Regulatory), alongside Deeksha Manchanda (Partner), Tarun Donadi (Senior Associate), Bhavika Chhabra (Senior Associate), Jai Hindocha (Associate), and Tarushi Guliani (Associate).

The multi-legged transaction, comprising an open-market acquisition and a merger by absorption, aims to strengthen and more effectively leverage the combined resources of the two groups, improve efficiency and cost synergies, and simplify group shareholding structures.

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