Merger13 May 2026, 03:25 pm
Lloyds Engineering Merger Scheme Approved by CCI
AI Summary
The Competition Commission of India (CCI) has approved the proposed Scheme of Merger by Absorption of Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited, and Techno Industries Private Limited with Lloyds Engineering Works Limited. The approval was granted under Section 31(1) of the Competition Act, 2002, following an application filed on March 11, 2026. The CCI considered and approved the combination in its meeting held on May 12, 2026.
Key Highlights
- CCI approves merger of Lloyds Infrastructure, Metalfab Hightech, and Techno Industries with Lloyds Engineering Works.
- Approval granted under Section 31(1) of the Competition Act, 2002.
- The application for the merger scheme was filed on March 11, 2026.
- CCI approved the merger in its meeting held on May 12, 2026.