New Delhi, Nov. 14 -- The Competition Commission of India (CCI) on Saturday approved the acquisition of a certain shareholding in Yatharth Hospital & Trauma Care Services Limited by Rasmalai Limited, an entity indirectly controlled by funds managed or advised by global private equity firm Advent International.

In an official release, the competition regulator said, "The Competition Commission of India (CCI) has approved the acquisition of a certain shareholding of Yatharth Hospital & Trauma Care Services Ltd. by Rasmalai Limited."

The proposed transaction involves Rasmalai Limited acquiring a stake in Yatharth Hospital & Trauma Care Services Limited.

According to the CCI, Rasmalai Limited is incorporated in Cyprus and is primarily enga...