The Competition Commission of India (CCI) has granted its approval for Lloyds Metals and Energy Limited (LMEL) to acquire a 49.99% equity stake in Thriveni Pellets Private Limited (TPPL) , a move expected to strengthen LMEL’s presence in India’s fast-growing iron ore and pellet manufacturing sector .

The transaction, described as the ‘Proposed Combination’ , involves LMEL’s purchase of nearly half of TPPL’s equity share capital, marking a strategic partnership between two key players in India’s steel and mining value chain .

According to the CCI’s disclosure, the regulator examined the deal under Section 6(1) of the Competition Act, 2002 , and concluded that it does not pose any adverse effect on market competition . The Commission’s detailed order on the approval will

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