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Lloyds Engineering Works Limited announces CCI approval for merger scheme

Lloyds Engineering Works · Industrial Manufacturing

Arthneeti Research DeskPublished 1 min read

Key highlights

  • Competition Commission of India approved merger scheme involving Lloyds Infrastructure & Construction Limited, Metalfab Hightech Private Limited, Techno Industries Private Limited merging into Lloyds Engineering Works Limited
  • Approval granted under Section 31(1) of the Competition Act, 2002 and sections 230-232 of the Companies Act, 2013
  • No impact, withdrawal, cancellation, or penalty reported related to the approval

Why it's rated notable: The CCI approval is granted, but the filing states no value for the merger by absorption of three companies, so the restructuring is capped at medium.

Original filing

Intimation - Approval Received From Competition Commission Of India ('CCI') For Application Seeking Approval For Scheme Of Merger

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.