 "Deal, handshake")
The Competition Commission of India (CCI) on Wednesday approved the proposed combination of Medlife and API Holdings.
The deal pertains to the proposed acquisition of 100 per cent equity shares of Medlife by API Holdings. Medlife shareholders are to get up to 19.59 per cent equity share capital of API Holdings.
Medlife is a healthcare company is primarily engaged in wholesale and distribution of drugs, while API Holdings is the parent entity of API Holdings group.
"CCI approves proposed combination of Medlife & API Holdings," the fair trade regulator said in a tweet. API Holdings is the parent of online
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