CCI approves acquisition by Aceso Company Pte. Ltd. in HCG

The Competition Commission of India (CCI) has approved acquisition by Aceso Company Pte. Ltd. (Aceso) in HealthCare Global Enterprises Limited (HCG). CCI has approved acquisition under Section 31(1) of the Competition Act, 2002.

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Aceso Company Pte. Ltd. (Aceso) is an entity which forms part of the CVC Network. The CVC Network consists of three entities which are privately owned and offers investment advice to and / or managing investments on behalf of certain investment funds as well as platforms. HealthCare Global Enterprises Limited (HCG) is engaged in the business of offering services via cancer treatment clinics, multi-specialty hospitals, and fertility treatment centres.

Important takeaways for all competitive exams:

• Chairperson of Competition Commission of India: Ashok Kumar Gupta.

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