Competition Commission of India (CCI) on Wednesday said it has cleared the proposed acquisition of around 8 per cent stake by private equity major TPG in API Holdings.
API Holdings is the parent entity of API Holdings Group and of Pharmeasy, a leading e-pharmacy player.
“Commission approves acquisition of 8% (approx.) shareholding of API Holdings by TPG,” the fair trade regulator said in a tweet.
In June, a composite scheme of amalgamation filed by API Holdings was approved by the National Company Law Tribunal (NCLT), as per a notice filed with the regulator.
Recently, CCI had approved the proposed combination of Medlife …
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