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:
Punjab National Bank (PNB), one of India’s oldest and largest public sector banks, has announced…
The Reserve Bank of India (RBI) has approved the appointment of Vinay Muralidhar Tonse, former…
India has officially joined the BRICS Centre for Industrial Competencies (BCIC), marking a significant milestone…
Did you know that soybeans are one of the most important crops in the world?…
India’s defense establishment has seen a key leadership change with Shri Divakar Jayant, INAS, taking…
India has taken a major step to regain control over its container trade. The government…