educratsweb logo


The Competition Commission of India (CCI) approves acquisition of 100% equity shares of Medlife International Private Limited (“Medlife”) by API Holdings Private Limited (“API Holdings”) and of up to 19.59% equity share capital of API Holdings by Medlife’s shareholders under Section 31(1) of the Competition Act, 2002, today.

The proposed combination relates to the acquisition of 100% of equity shares of Medlife by API and as consideration, the acquisition of up to 19.59% of the equity share capital of API Holdings (on a fully diluted basis), by the Medlife Promoter Shareholders and other shareholders of Medlife. [ Mr. Prashant Singh, Mr. Tushar Kumar and the Prasid Uno Family Trust (“Trust”) are collectively referred to as “Medlife Promoter Shareholders”.]

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; provision of manpower supply, support, business function support for group companies of API Holdings; provision of master data management services support; developing ERP and software solutions primarily for healthcare businesses and other customized application services for retail pharmacies, operating and providing online application which provides a B2B order management system for retailers and distributors of pharmaceutical products, medical devices and OTC drugs; and developing a platform which connects registered medical practitioners and patients whereby the patients could consult with them through the platform by way of tele-consultation as well as physical consultation.

The Trust is a private trust incorporated under the Indian Trusts Act, 1882. The Trust has various investments in the healthcare sector, including the majority shareholding in Medlife. Mr. Prashant Singh and Mr. Tushar Kumar are the co-founders of Medlife.

Medlife, incorporated in 2014 is primarily a healthcare company engaged in the wholesale sale and distribution of drugs. It also engages in the retail sale of such pharmaceutical products, medical devices and OTC drugs, though pharmacies and an online marketplace. Medlife also healthcare services such as medicines and wellness products, digital doctor consultation and online diagnostic tests services.

Detailed order of the CCI will follow.

Sources https://pib.gov.in/PressReleseDetail.aspx?PRID=1658006

CCI approves acquisition of 100% equity shares of Medlife by API Holdings and of up to 19.59% equity share capital of API Holdings by Medlife’s shareholders
educratsweb.com

Posted by: educratsweb.com

I am owner of this website and bharatpages.in . I Love blogging and Enjoy to listening old song. ....
Enjoy this Author Blog/Website visit http://twitter.com/bharatpages

if you have any information regarding Job, Study Material or any other information related to career. you can Post your article on our website. Click here to Register & Share your contents.
For Advertisment or any query email us at educratsweb@gmail.com

RELATED POST
1. English rendering of PM’s address in the 17th Episode of Mann Ki Baat 2.0 on 25.10.2020
My dear countrymen, Namaskar. Today is the festival of Vijaydashami, that is Dussehra. On this auspicious occasion, heartiest greetings to all of you. The festival of Dussehra is one of the triumph of truth over untruth. But, simultaneously, it is also the festival of victory of patience over crises. Today, all of you are carrying on with immense patience, celebrating the festival with restraint….and hence, in our ongoing fight, our victory too is assured. Earlier, people used to throng Durga Pand
2. Shri Gangwar launched virtual hearing facility in quasi-judicial cases under EPF & MP Act, 1952 through Video conferencing
The 227th Meeting of the Central Board of Trustees (CBT), EPF was held today under the Chairmanship of Shri Santosh Kumar Gangwar, Minister of State for Labour & Employment (I/C), and Vice Chairmanship of Shri Heeralal Samariya, Secretary (L&E), Central Provident Fund Commissioner, Sh. Sunil Barthwal, conducted the meeting as Member Secretary, CBT, EPF through Video Conference mode.   Following were the highlights of the Central Board Meeting:-  
3. PM pays tributes to Shaheed Bhagat Singh, on his Jayanti
The Prime Minister, Shri Narendra Modi has paid tributes to Shaheed Bhagat Singh, on his Jayanti.  "मां भारती के वीर सपूत अमर शहीद भगत सिंह की जयंती पर उन्हें कोटि-कोटि नमन। वीरता और पराक्रम की उनकी गाथा देशवासियों को युगों-युगों तक प्रेरित करती रहे
4. Union Minister of Education dedicates the permanent campus of IIT Ropar to the Nation
Union Education MinisterShri Ramesh Pokhriyal ‘Nishank’ today dedicated permanent campus of IIT Ropar to the nation. Minister of State for Education, Shri Sanjay Dhotre also graced the occasion. Prof. Sarit K Das, Director, IIT Ropar and Shri Ravinder Kumar, Registrar, IIT Ropar and the other dignitaries also participated in the event. While addressing the participants Shri Pokhriyal congratulated the IIT Ropar fraternity and complimented the students and researchers for stepping to
5. ECGC Limited
ECGC Limited was set up in 1957 in Mumbai under the Companies Act 1956 to provide export credit insurance services to exporters and banks to promote and support exports from India. The performance details of ECGC for the last three financial years and current year are given below: (Amount in ₹ Crore) Financial Year 2017
6. Solar and Wind Power System
Steps taken by the Government to implement Solar Power plants and Wind power plants on Indian Railways (IR), inter-alia, are as follows: 1. 102.8 Mega Watt (MW) rooftop solar plants commissioned. 2. 4.7 MW land based solar plants commissioned. 3. Land based solar power plant of 50 MW at Bhilai (Chhattisgarh) and 2 MW at Diwana (Haryana) are under execution. The plant at Diwana will be commissioned in September, 2020. 4. To further proliferate solar plants, IR plans
7. Various initiatives taken by Ministry of Steel for capacity building
The National Steel Policy envisages achievement of 300 MTPA crude steel capacity by 2030-31. Towards achievement of this goal Ministry of Steel has taken several initiatives namely:- (i)        Domestically Manufactured Iron & Steel Products Policy for promoting procurement of Made in India steel by Government agencies. (ii)       Steel Scrap Policy for enhancing availability of domestically generated scrap.
8. PM greets Indian Foreign Service officers on IFS Day
The Prime Minister, Shri Narendra Modi has greeted the Indian Foreign Service officers on IFS Day. In a tweet, the Prime Minister said, "On IFS day, greetings to all Indian Foreign Service officers. Their work towards Serving the Nation, furthering national interests globally are commendable. Their efforts during Vande Bharat Mission and other COVID related help to our citizens and other nations is noteworthy." https://twitter.com/narendramodi/status/1314408498789195777?ref_
9. Railways aims to achieve a modal share of Automobile loading to 20% by the end of 2021-22, and a modal share of 30% by 2023-24
Minister of Railways, Commerce & Industry, Consumer Affairs and Food & Public Distribution, Shri Piyush Goyal met who so who of the Automobile Industry leaders to give boost to Automobile loading through Railways. Representatives of SIAM (Society of Indian Automobile Manufacturers), Tata Motors, Hyundai Motors, Ford Motors, Mahindra & Mahindra, Honda India, and Maruti Suzuki Ltd, The Automobile Freight Train Operators (AFTOs), Automotive Tyre Manufacturers’ Association (ATMA),
10. Startup Ecosystem for Rural and Tribal Entrepreneurs
Government of India, through Ministry of Skill Development and Entrepreneurship, has taken initiatives for implementing entrepreneurship development schemes and programmes for the youth and women of the Country through entrepreneurship education, handholding & mentorship and essential linkages with financial and market institutions. Ministry of Skill Development and Entrepreneurship (MSDE) is implementing a project on entrepreneurship promotion and mentoring of micro and small enterprises i
11. PM pays tributes to Ramdhari Singh Dinkar, on his birth anniversary
The Prime Minister, Shri Narendra Modi has paid tributes to Rashtrakavi Ramdhari Singh Dinkar, on his birth anniversary today.   राष्ट्रकवि रामधारी सिंह दिनकर जी को उनकी जयंती पर विनम्र श्रद्धांजलि। उनकी कालजयी कविताएं साहित्यप्रेमियों को ही नहीं,&nb
12. Steps to Revive Aviation Industry amid Covid-19 Pandemic
All efforts have been made to reduce the impact of the pandemic on the aviation sector. Some of the measures taken to support the aviation sector include inter-alia:        1.    Due to COVID-19 pandemic, domestic air services have been restarted in a calibrated manner. Initially only one third (33%) of the summer schedule 2020 was allowed to be operated which was subsequently increased to 45% on 26 Jun 2020 and then to 60% on 02 Sep 2020.
13. Central Team to Evaluate Losses Due to Floods
The primary responsibility for disaster management rests with the State Governments.  The concerned State Governments undertake assessment/ evaluation of losses and provide relief measures according to the magnitude of the ground situation, in the wake of natural calamities, including flood, from the State Disaster Response Fund (SDRF) already placed at their disposal, in  accordance with  Government of India approved items and norms.  For calamity of a severe nature, additional finan
14. Shri Gadkari Lays Foundation Stone for 13 Highway Projects and Inaugurates a Road Safety Project in Manipur; Announces Slew of Development Measures for NE States
Union Minister for Road Transport, Highways and MSMEs Shri Nitin Gadkari laid the foundation stones for 13 highway projects and inaugurated a Road safety project in the North-Eastern State of Manipur through video conference today. Chief Minister Shri N Biren Singh presided over the virtual function, attended by MoS (I/c) for DONER and PMO Dr Jitendra Singh, MoS RTH Gen (Retd) V K Singh, Ministers of the Manipur State, several MPs, MLAs and senior officers from the Centre and the State. These p
15. Initiatives in Public Private Partnerships to boost Railway Infrastructure
It is estimated that Indian Railways would need Capital investment of around ₹ 50 lakh crore upto 2030 for network expansion and capacity augmentation, rolling stock induction and other modernization works to enable better delivery of passenger and freight services and to improve its modal share in transport. To bridge the gap in capital funding and to induct modern technologies and improve efficiencies, it is being planned to use Public Private Partnership (PPP) model for few initiatives. One of the P
16. Income Tax Department conducts search in Ahmedabad
The Income Tax Department conducted a search & seizure action based on credible intelligence on 08.10.2020 at Ahmedabad in the case of a group engaged in the businesses of real estate, construction and land trading. Search was conducted at 27 premises, which included offices and residences of some associates also. During the search unexplained cash of around Rs. 69 lakh and jewellery of around Rs. 82 lakh have been seized till now. Besides, 18 bank lockers have been found and placed under r
17. Shri Gadkari calls for adopting advanced public transport models and use of biofuel, Electricity, CNG in Public Transport
Union Minister for Road Transport & Highways Shri Nitin Gadkari has said that public transport  may be modernised which is based on biofuels, CNG and electricity as fuel. Addressing a Webinar - 4th UITP India Bus Seminar today he said most of the State Road Transport Undertakings (SRTUs) are incurring huge expenditure on conventional fuels which are expensive. Shri Gadkari called for moving on to biofuels, CNG and Electricity as transportation fuel. This he said will not only save on fuel bill b
18. Syngene reports second quarter revenue from operations at Rs. 519 Cr, up 12% year on year
Syngene reports second quarter revenue from operations at Rs. 519 Cr, up 12% year on year Mumbai, October 21, 2020: Syngene International Limited today announced its second quarter results. The Company posted quarterly total revenue of Rs. 533 Cr compared to Rs 485 Cr in the corresponding quarter of last year. EBITDA for the quarter was up 6% to Rs. 169 Cr while PAT was up 2% to Rs. 84 Cr. Commenting on the results,
19. Cabinet approves Haryana Orbital Rail Corridor Project from Palwal to Sonipat via Sohna-Manesar- Kharkhauda
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has given its approval to the Haryana Orbital Rail Corridor Project from Palwal to Sonipat via Sohna-Manesar-Kharkhauda.  This Rail Line will start from Palwal and end at existing Harsana Kalan station (On Delhi-Ambala section).  This will also give connectivity enroute to existing Patli Station (On Delhi-Rewari line), Sultanpur station (On Garhi Harsaru-Farukhnagar Line) and Asaudha Station (On D
20. Organic Food Processing Unit inaugurated in Uttar Pradesh
With the inauguration of this food processing unit, 5000 farmers will be benefitted and it is expected to leverage an investment of Rs 50.33 crores, said Smt. Harsimrat Kaur Badal, Union Minister for Food Processing Industries. Inaugurating the food processing unit located in Barabanki, Uttar Pradesh through video conference today, Smt. Badal said that the food processing sector is witnessing robust growth and has been identified as a champion sector by the Government of India. She added that the diverse
21. Raksha Mantri Shri Rajnath Singh Launches Naval Innovation and Indigenisation Organisation (NIIO)
  Raksha Mantri Shri Rajnath Singh launched the Naval Innovation and Indigenisation Organisation (NIIO) through an online webinar. Chief Minister of Uttar Pradesh Shri Yogi Adityanath and other dignitaries were also present at the event. The NIIO puts in place dedicated structures for the end users to interact with academia and industry towards fostering innovation and indigenisation for self-reliance in defence in keeping with t
22. Modernisation of Armed Forces
The details of Budget Estimates (BE), Revised Estimates (RE) and Actual Expenditure (Actuals)  on the modernization(Capital Acquisition) of Armed Forces, under Defence Services Estimates (DSE), for the last five years and the current year are as under:-  (Rs. in Crore) Year Budget Estimates
23. Union Government has taken unprecedented measures for labour welfare and employment generation across India during Covid-19 pandemic : Shri Gangwar
Union Labour and Employment Minister has said today that  “a number of unprecedented steps have been taken by the Union Government for labour welfare and employment  including for migrant workers across India during COVID-19 pandemic. Elaborating it he said : ➢ Labour is in the concurrent list and therefore, both State and Central Governments can legislate on the issues.  Further, most of the Central Labour Acts including the Migrant Labour Act is being implemented exclus
24. Import and In-house production of PNG & CNG
As per information provided by Petroleum Planning and Analysis Cell (PPAC), approximately 9,228 MMSCM of Natural gas has been produced domestically and approximately 9,966 MMSCM of LNG has been imported in the country during the period April-July, 2020. This gas also caters to demand of Piped Natural Gas (PNG) and Compressed Natural Gas (CNG). IOCL is executing 517 km long Paradip-Haldia-Barauni Oil 30" capacity augmentation pipeline project. IOCL has informed that physical progress of 43.
25. Cabinet approves measures to provide liquidity in the Power Sector Dues to the financial stress caused by COVID-19
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved a one-time relaxation to Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for extending loans to Distribution Companies (DISCOMs) above limits of working capital cap of 25% of last year’s revenues under Ujwal DISCOM Assurance Yojana (UDAY). One-time relaxation would help in providing liquidity to the power sector and ensure payments by State Governments to DISCO
26 Educational talent search program, ALLEN academics young talent search program for students | TALLENTEX 2021 #Scholorship 12 Days Remaining for Apply
Educational talent search program, ALLEN academics young talent search program for students | TALLENTEX 2021For student Studying in class 5th, 6th, 7th, 8th, 9th & 10th Stage-1 : Online | Stage-2 : Offline / CBT ...
We would love to hear your thoughts, concerns or problems with anything so we can improve our website educratsweb.com ! visit https://forms.gle/jDz4fFqXuvSfQmUC9 and submit your valuable feedback.
Save this page as PDF | Recommend to your Friends

http://educratsweb(dot)com http://educratsweb.com/content.php?id=4451 http://educratsweb.com educratsweb.com educratsweb