Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1189)

2020-09-24 Banking

1189.

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

RBI

CCI

GOI

None of these

Answer: Option

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.