Shardul Amarchand Mangaldas & Co. (SAM) advised Lloyds Metals & Energy Limited (LMEL) with respect to its acquisition of a stake representing 49.99% of the total issued, subscribed and paid-up equity share capital of Thriveni Pellets Private Limited (TPPL) from Thriveni Earthmovers Private Limited (0.99%) and Adler Industrial Services Private Limited (49%). The transaction was executed pursuant to a share purchase agreement dated August 12, 2025, marking a significant strategic investment by LMEL to strengthen its presence across the iron ore and steel value chain.
The acquisition enables LMEL to enhance its pellet production capabilities, strengthening its raw material security and support in long term growth strategy in line with its core business operations.
The SAM team was led by Dnyanraj Desai, Partner, and included Subhojit Das, Principal Associate; Tejash Bhandari, Associate; and Sudekshana Venkatesan, Associate. The Competition Team was led by Ritwik Bhattacharya, Partner, and Manika Brar, Partner, along with Ritesh Puri, Senior Associate; Rohan Dembani, Associate; Sai Singh, Associate; and Devarsh Kotak, Associate. The General Corporate Team comprised Yogesh Chande, Partner, and Preeti Kapany, Principal Associate.