CCI approves subscription to CCPS B of API Holdings by MEMG LLP and 360 ONE

CCI approves subscription to CCPS B of API Holdings by MEMG LLP and 360 ONE

Daily Current Affairs   /   CCI approves subscription to CCPS B of API Holdings by MEMG LLP and 360 ONE

Change Language English Hindi

Category : Business and economics Published on: March 30 2024

Share on facebook
  • The Competition Commission of India (CCI) has approved subscription to Compulsorily Convertible Preference Shares (CCPS) B of API Holdings by MEMG LLP and 360 ONE.
  • MEMG Family Office LLP (Acquirer 1/MEMG LLP) is a limited liability partnership incorporated in India. 
  • MEMG LLP ultimately belongs to the Pai Family Group. MEMG LLP is engaged in the provision of consulting and advisory services to customers in India.
  • 360 ONE Private Equity Fund (Fund) through its investment manager, 360 ONE Asset Management Limited (AML) are together referred to as “Acquirer 2/ 360 One”. The Fund is registered with the SEBI as a Category II AIF and is established for the purpose of investing in various sectors in India and worldwide. 
  • It is managed by its investment manager, i.e., AML. AML provides investment management services to schemes of 360 ONE Mutual Fund and alternative investment funds of the 360 ONE Group.
  • API Holdings Limited (API Holdings/ Target) is an unlisted public company, directly or indirectly engaged in various activities in the pharmaceutical and healthcare sector in India.
Recent Post's
  • UAE President confers the First-Class Medal of Independence on the Ambassador of Paraguay.

    Read More....
  • Thiruvananthapuram International Airport achieved the milestone of zero waste to landfill.

    Read More....
  • Karnataka government mandates 33% reservation for women in all outsourced jobs.

    Read More....
  • Indonesian President Joko Widodo officially opened the 10th World Water Forum.

    Read More....
  • Vice Admiral Gurcharan Singh takes over as Commandant, National Defence Academy.

    Read More....
  • DRDO Chairman Samir V Kamat gets a one-year extension.

    Read More....
  • GAIL commissions its first green hydrogen plant under the National Green Hydrogen Mission.

    Read More....
  • Charles Leclerc made history by winning the Monaco Grand Prix.

    Read More....
  • Nepal's Purnima Shrestha became the first woman in the world to climb Mount Everest three times in 13 days.

    Read More....
  • Divya Deshmukh wins the Sharjah Challengers Chess title 2024.

    Read More....