Acquisition by MacRitchie in API, Ascent & 91Streets approved by CCI

Acquisition by MacRitchie Investments Pte. Ltd. (MacRitchie) in Ascent Health and Wellness Solutions Private Limited (Ascent), API Holdings Private Limited (API) & 91Streets Media Technologies Private Limited (91Streets) has received the approval from the Competition Commission of India (CCI). The acquisition by MacRitchie in three companies will be executed under Section 31(1) of the Competition Act, 2002.

Click Here To Get Test Series For SBI PO 2020

The Proposed Combination is related to the acquisition of certain percentage of compulsorily convertible debentures, compulsorily convertible preference shares or/and common shares of API, Ascent and 91Streets.

About the four companies:

  • MacRitchie Investments Pte. Ltd. is an indirect wholly owned subsidiary of Temasek Holdings (Private) Limited. It is an investment holding company.
  • 91Streets Media Technologies Private Limited (91Streets) is a company incorporated in India. It owns technology and intellectual property that is required to develop an e-commerce platform, focusing on the sale of medicines and nutraceuticals by retailers/retail pharmacies.
  • Ascent Health and Wellness Solutions Private Limited (Ascent) is a company incorporated in India.
  • API Holdings Private Limited (API) is a company incorporated in India and is not engaged in any business.

Find More Business News Here

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

Thank You, Your details have been submitted we will get back to you.

Leave a comment

Your email address will not be published. Required fields are marked *

Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Login

OR

Forgot Password?

Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Sign Up

OR
Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Forgot Password

Enter the email address associated with your account, and we'll email you an OTP to verify it's you.


Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to
/6


Did not recive OTP?

Resend in 60s

Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Change Password



Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Almost there

Please enter your phone no. to proceed
+91

Join India largest learning distination

What You Will get ?

  • Job Alerts
  • Daily Quizes
  • Subject-Wise Quizes
  • Current Affairs
  • previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to Edit Number


Did not recive OTP?

Resend 60

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?