Chandhiok & Mahajan (C&M) advised the Lloyds Group and the Thriveni Group in securing approval from the Competition Commission of India (CCI) for a proposed multi-step transaction. The firm guided both parties through the process to achieve clearance.
Chandhiok & Mahajan (C&M) served as the legal advisor to both the Lloyds Group and the Thriveni Group for obtaining approval from the Competition Commission of India (CCI) for a proposed multi-step transaction.
This deal involves an open-market purchase of shares in Lloyds Engineering Works Limited by Thriveni Earthmovers Private Limited, along with the merger of Lloyds Infrastructure and Construction Limited, Techno Industries Private Limited, and Metalfab Hightech Private Limited into Lloyds Engineering Works Limited.
This multi-layered transaction includes an open-market share acquisition followed by a merger through absorption. Its objective is to enhance the collective strength of the two groups, create better efficiency and cost advantages, and streamline the overall shareholding structure within the group.
The Competition and Regulatory Practice team at C&M guided both business groups through the entire notification process and helped them secure the required antitrust approval.
The team was headed by Karan Singh Chandhiok (Partner and Head of Competition and Regulatory), supported by Deeksha Manchanda (Partner), Tarun Donadi (Senior Associate), Bhavika Chhabra (Senior Associate), Jai Hindocha (Associate), and Tarushi Guliani (Associate).
C&M is a well-known full-service Indian law firm that offers customised, high-quality legal services across key practice areas, including competition law, insolvency and restructuring, dispute resolution, corporate advisory, real estate, banking and finance, capital markets, and data protection and cybersecurity.
With offices in New Delhi, Mumbai, Bengaluru, and Hyderabad, and a team of more than 100 lawyers, the firm advises major Indian and international companies, government organisations, financial institutions, private equity and venture capital funds, as well as promoter groups.
The firm has consistently been recognised by respected legal rankings such as Chambers & Partners, Legal 500, Asian Legal Business, AsiaLaw, Benchmark Litigation, Global Competition Review, and IFLR for its innovative and practical, solutions-focused approach supported by strong cross-team collaboration.