The Competition Commission of India (CCI) has accepted the acquisition of 100% fairness shares of Medlife International Private Limited (“Medlife”) by API Holdings Private Limited (“API Holdings”). It additionally accepted the acquisition of as much as 19.59% fairness share capital of API Holdings by Medlife’s shareholders beneath Section 31(1) of the Competition Act, 2002.
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API is a non-public firm, integrated in 2019. API instantly or by its subsidiaries carries out varied enterprise actions together with wholesale sale and distribution of medicine; transportation and supply companies primarily centered on pharmaceutical sector; proudly owning know-how and mental property for growing e- commerce platforms. Medlife is primarily a healthcare firm engaged within the wholesale sale and distribution of medicine.
Important takeaways for all aggressive exams:
- Chairperson of Competition Commission of India: Ashok Kumar Gupta.