TMI BlogCCI approves proposed subscription of Compulsorily Convertible Preference Shares (B) (CCPS B) in API Holdings Ltd. by CDPQ Private Equity Asia Pte Ltd.X X X X Extracts X X X X X X X X Extracts X X X X ..... CCI approves proposed subscription of Compulsorily Convertible Preference Shares (B) (CCPS B) in API Holdings Ltd. by CDPQ Private Equity Asia Pte Ltd. - News and Press Release Dated:- 31-1-2024 - News - CCI approves proposed subscription of Compulsorily Convertible Preference Shares (B) (CCPS B) in API Holdings Ltd. by CDPQ Private Equity Asia Pte Ltd. - - - Dated:- 31-1-2024 - The Competition ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Commission of India (CCI) has approved proposed subscription of CCPS B in API Holdings Ltd. by CDPQ Private Equity Asia Pte Ltd. CDPQ Private Equity Asia Pte Ltd ( Acquirer ) is a direct wholly owned subsidiary of CDPQ and is located in Singapore. CDPQ is a Canadian institutional fund, which acts as a long-term institutional investor that manages funds primarily for public and para-public pensi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on and insurance plans in Canada. The Acquirer, CDPQ and their affiliates are collectively referred to as the Acquirer Group . API Holdings Ltd. ( Target ), through its subsidiaries, is engaged in operating business relating to healthcare services such as (i) an online e-commerce marketplace through a mobile application as well as a website called PharmEasy ; (ii) B2B (i.e., wholesale) sale ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and purchase of pharmaceutical and nutraceutical products and also undertakes activities of warehousing, storing and packaging of such products; and (iii) providing diagnostic and healthcare services to customers, directly, through the laboratories/collection centers owned and operated by it or through partner laboratories/collection centers through subcontracting arrangements with third parties. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Target proposes to raise capital through issuance of CCPS B by way of a Rights Issue. The Acquirer is an existing investor in the Target and is a pre-emption right holder. The Acquirer shall subscribe to the Rights Issue by way of a primary subscription accompanied with certain rights. ( Proposed Combination ). Detailed order of the CCI will follow. - - News - Press release - PIB Ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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