Merger13 May 2026, 03:28 pm
Lloyds Engineering Merger 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, and their respective shareholders. The approval was granted under Section 31(1) of the Competition Act, 2002, following an application filed on March 11, 2026.
Key Highlights
- CCI approves merger of Lloyds Infrastructure, Metalfab Hightech, and Techno Industries with Lloyds Engineering.
- Approval granted under Section 31(1) of the Competition Act, 2002.
- The application for merger approval was filed on March 11, 2026.
- CCI considered the proposed combination in its meeting held on May 12, 2026.
Price Impact
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