CCI Clears Lloyds Metals’ 49.99 Per Cent Stake In Thriveni Pellets
POWER & RENEWABLE ENERGY

CCI Clears Lloyds Metals’ 49.99 Per Cent Stake In Thriveni Pellets

The Competition Commission of India (CCI) has approved Lloyds Metals and Energy Ltd’s proposal to acquire a 49.99 per cent equity stake in Thriveni Pellets Pvt Ltd (TPPL).
“The proposed combination involves the acquisition of 49.99 per cent of the equity share capital of TPPL by LMEL (Lloyds Metals and Energy Ltd),” the regulator said in its official release.
Lloyds Metals and Energy, headquartered in Maharashtra, is engaged in iron ore mining, direct reduced iron production, captive power generation, and pellet trading. The company supplies iron ore fines and pellets to customers worldwide.
Thriveni Pellets Pvt Ltd, the target company, is involved in the sale of iron ore pellets within India. Its wholly owned subsidiary, Brahmani River Pellets Ltd, is engaged in the production and sale of iron ore pellets across the country.
In a separate transaction, the CCI also approved a proposal by Temasek Holdings and Canada-based Caisse de dépôt et placement du Québec (CDPQ) to acquire stakes in several real estate holding entities.
The deal involves Jongsong Investments, an indirect wholly owned subsidiary of Temasek Holdings, acquiring a 20 per cent stake in each of Adamas Asset Holdings Pte Ltd, RGIP Holdings, Vikhroli Holdings, Airoli Holdings, Bangalore Asset 2 Pte Ltd, and Bangalore Asset 3 Pte Ltd, the regulator said.
Additionally, the regulator cleared a proposal by Ivanhoe Cambridge Singapore Investments II Pte Ltd (IC Singapore) to acquire a 40 per cent equity stake in Bangalore Asset 2 and Bangalore Asset 3 Pte Ltd. IC Singapore is a wholly owned subsidiary of Ivanhoe Cambridge Inc, the real estate arm of CDPQ.
Both Temasek Holdings and CDPQ are leading global investment firms with extensive interests in India’s real estate and infrastructure sectors. The entities involved in these transactions are incorporated in Singapore and primarily operate as investment holding companies with exposure to Indian property assets.
Under Indian law, mergers and acquisitions exceeding specified financial thresholds must be approved by the CCI to ensure fair competition and prevent anti-competitive practices in the market. 

The Competition Commission of India (CCI) has approved Lloyds Metals and Energy Ltd’s proposal to acquire a 49.99 per cent equity stake in Thriveni Pellets Pvt Ltd (TPPL).“The proposed combination involves the acquisition of 49.99 per cent of the equity share capital of TPPL by LMEL (Lloyds Metals and Energy Ltd),” the regulator said in its official release.Lloyds Metals and Energy, headquartered in Maharashtra, is engaged in iron ore mining, direct reduced iron production, captive power generation, and pellet trading. The company supplies iron ore fines and pellets to customers worldwide.Thriveni Pellets Pvt Ltd, the target company, is involved in the sale of iron ore pellets within India. Its wholly owned subsidiary, Brahmani River Pellets Ltd, is engaged in the production and sale of iron ore pellets across the country.In a separate transaction, the CCI also approved a proposal by Temasek Holdings and Canada-based Caisse de dépôt et placement du Québec (CDPQ) to acquire stakes in several real estate holding entities.The deal involves Jongsong Investments, an indirect wholly owned subsidiary of Temasek Holdings, acquiring a 20 per cent stake in each of Adamas Asset Holdings Pte Ltd, RGIP Holdings, Vikhroli Holdings, Airoli Holdings, Bangalore Asset 2 Pte Ltd, and Bangalore Asset 3 Pte Ltd, the regulator said.Additionally, the regulator cleared a proposal by Ivanhoe Cambridge Singapore Investments II Pte Ltd (IC Singapore) to acquire a 40 per cent equity stake in Bangalore Asset 2 and Bangalore Asset 3 Pte Ltd. IC Singapore is a wholly owned subsidiary of Ivanhoe Cambridge Inc, the real estate arm of CDPQ.Both Temasek Holdings and CDPQ are leading global investment firms with extensive interests in India’s real estate and infrastructure sectors. The entities involved in these transactions are incorporated in Singapore and primarily operate as investment holding companies with exposure to Indian property assets.Under Indian law, mergers and acquisitions exceeding specified financial thresholds must be approved by the CCI to ensure fair competition and prevent anti-competitive practices in the market. 

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