Question: The Competition Commission of India has approved the acquisition of which of the following healthcare enterprise by Aceso Company Pte. Ltd?
(a)Heathcare Global Enterprise
(b)Sun Pharma
(c)Zydus Wellness
(d)Cipla Pharmaceutical
Answer: (a)
Related facts:
- On July 15 2020, Competition Commission of India (CCI) approved the acquisition by Aceso Company Pte. Ltd. (Aceso) in HealthCare Global Enterprises Limited (HCG), under Section 31(1) of the Competition Act, 2002.
- Acquisition deal:
- The Proposed Combination relates to an acquisition of upto 58.92% stake in HCG by Aceso by way of
- subscription to equity shares and warrants
- an open offer to the public shareholders as per the regulations of SEBI.
- HCG and its group are engaged in the business of providing services through cancer treatment clinics, multi-specialty hospitals, fertility treatment centres.
Author: Himanshu Shukla
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