Categories: Business

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

Recent Posts

Indian Railways Launches 20% Return Fare Rebate for Round Trip Festival Package

To ease festival rush and ensure better utilization of trains during peak travel months, the…

2 days ago

Thailand and Cambodia Finalize Ceasefire Details, Pledge to Maintain Troop Levels

Thailand and Cambodia have reached a consensus on ceasefire arrangements, pledging to halt all forms…

2 days ago

Over 29,000 Deaths in National Highway Accidents in First Half of 2025: Government Data

India’s national highways, which make up just 2% of the country’s road network, have already…

2 days ago

India’s Annu Rani Wins Gold at International Wiesław Maniak Memorial

India’s Annu Rani, the reigning Asian Games champion, struck gold in the women’s javelin throw…

2 days ago

Over 72.22 Lakh Pregnant Women Registered Under Mission Poshan 2.0

The Government of India has reported significant progress in its maternal and child nutrition initiatives.…

2 days ago

PM’s Mann Ki Baat Programme Earns Over ₹34 Crore Since 2014: Government

Prime Minister Narendra Modi’s monthly radio address ‘Mann Ki Baat’ has earned ₹34.13 crore in…

2 days ago