CCI approves acquisition of approximately 24.16% of total equity shareholding in Quality Care India Limited by Centella Mauritius Holdings Limited

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..... CCI approves acquisition of approximately 24.16% of total equity shareholding in Quality Care India Limited by Centella Mauritius Holdings Limited - News and Press Release Dated:- 20-9-2023 - News - The Competition Commission of India (CCI) has approved the acquisition of approximately 24.16% of the total equity shareholding in Quality Care India Limited by Centella Mauritius Holdings Limited . .....

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..... The proposed combination relates to acquisition of approximately 24.16% of the total equity shareholding in Quality Care India Limited ( QCIL ) by Centella Mauritius Holdings Limited. Acquirer Centella Mauritius Holdings Limited is a newly incorporated special purpose investment vehicle incorporated in Mauritius and currently has no operations in India. The Acquirer is majorly owne .....

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..... d and controlled by an entity, which is advised by the affiliates of TPG Inc. ( TPG ), the ultimate holding company of the TPG group. TPG including its subsidiaries and affiliates, are together referred to as TPG Group . The TPG Group operates in India through its various investments with a primary focus on sectors such as financial services, technology, consumer, travel, media, real estate .....

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..... and healthcare. Target QCIL is an unlisted public limited company with its registered office in Hyderabad. QCIL is a multispecialty healthcare provider in India. It operates a network of multi-speciality hospitals under the brand name CARE Hospitals across various cities in India. CARE Hospitals has 17 healthcare facilities (16 hospitals and 1 clinic) serving 7 cities across 6 states in In .....

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..... dia. Detailed order of the CCI will follow. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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