Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.102)

102. 

Who approves acquisition of 100% equity shares of Medlife by API Holdings?

[A]. RBI
[B]. CCI
[C]. GOI
[D]. None of these

Answer: Option B

Explanation:

The Competition Commission of India (CCI) has approved the acquisition of 100% equity shares of Medlife International Private Limited ("Medlife") by API Holdings Private Limited ("API Holdings"). It also approved the acquisition of up to 19.59% equity share capital of API Holdings by Medlife's shareholders under Section 31(1) of the Competition Act, 2002.

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