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

PNB Housing Finance Appoints Ajai Kumar Shukla as New MD & CEO

PNB Housing Finance has announced the appointment of Ajai Kumar Shukla as its new Managing…

4 hours ago

Department of Posts and BSE Sign MoU to Expand Mutual Fund Access Across India

In a major push towards deepening financial inclusion, the Department of Posts (DoP) and BSE,…

4 hours ago

Retail Inflation Rises Slightly to 0.71% in November 2025

India’s retail inflation, measured by the Consumer Price Index (CPI), increased modestly to 0.71% in…

4 hours ago

India’s Foreign Reserves Touch $687.26 Billion In December 2025

India’s foreign exchange reserves saw a moderate rise in the week ending December 12, 2025,…

4 hours ago

Cabinet Nod to Atomic Energy Bill Unlocks Opportunities for Private Nuclear Projects

The Union Cabinet has approved the Atomic Energy Bill, marking a major shift in India’s…

4 hours ago

Meta India Appoints Aman Jain as Head of Public Policy

Meta India has announced the appointment of Aman Jain as its new Head of Public…

4 hours ago