Merger14 May 2026, 12:36 pm
Lloyds Enterprises: CCI Approves Merger of Subsidiaries with LEWL
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 (LEWL), a material subsidiary of Lloyds Enterprises Limited. The approval was granted under Section 31(1) of the Competition Act, 2002, pursuant to Sections 230 to 232 of the Companies Act, 2013. The company has uploaded the intimation and CCI's approval letter on its website.
Key Highlights
- CCI approves merger of Lloyds Infrastructure & Construction, Metalfab Hightech, and Techno Industries with Lloyds Engineering Works Limited.
- The approval is under Section 31(1) of the Competition Act, 2002.
- The merger scheme adheres to Sections 230 to 232 of the Companies Act, 2013.
- Lloyds Engineering Works Limited is a material subsidiary of Lloyds Enterprises Limited.