The Competition Commission of India (CCI) has approved the acquisition of 100% equity shares of Medlife International Private Limited (“Medlife”) by API Holdings Private Limited (“API Holdings”). It also approved the acquisition of up to 19.59% equity share capital of API Holdings by Medlife’s shareholders under Section 31(1) of the Competition Act, 2002.
API is a private company, incorporated in 2019. API directly or through its subsidiaries carries out various business activities including wholesale sale and distribution of drugs; transportation and delivery services primarily focused on pharmaceutical sector; owning technology and intellectual property for developing e- commerce platforms. Medlife is primarily a healthcare company engaged in the wholesale sale and distribution of drugs.
Important takeaways for all competitive exams:
India is celebrating the 165th birth anniversary of Rabindranath Tagore on 7th May, 2026. He…
The CSIR-Central Road Research Institute and Bharat Petroleum Corporation Limited have received the recognition from…
The Ministry of Health and Family Welfare (MoHFW) has launched the JANANI (Journey of Antenatal,…
Soma Mandal has been awarded with the South Asia regional winner of the prestigious Cambridge…
Jeremiah Manele Prime Minister of Solomon islands lost a no confidence vote in Parliament on…
The legendary media entrepreneur who ha transformed global television news by launching world's first 24…