The deal has been approved under the green channel route. Manipal Health Enterprises operates a network of hospitals providing multi-specialty care. It has a presence through 27 hospitals in 14 cities in the country.
The Competition Commission of India (CCI) has approved PCBL Ltd s proposed acquisition of a 100% stake in Aquapharm Chemicals. The deal, which involves the manufacturing and sale of carbon black and green power generation, is being approved under the green channel route. The CCI stated that the transaction does not pose any risk of adverse effect on competition.
The transaction involves the acquisition of 9.99 per cent of the equity stake in DBL by way of subscription to warrants by Alpha Alternatives Holdings Pvt Ltd (AAHPL), and its other entities, the CCI said in the notice on Friday. The commission has also approved the acquisition of 26 per cent equity shareholding and investment in certain non-convertible debentures (NCDs) in DBL s Special Purpose Vehicles (SPVs) by AAHPL along with its affiliates.
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