CCI approves acquisition of up to 100% equity shareholding of Apollo Fertility Centre (AFCPL) and Apollo Specialty Hospitals (ASHPL) by Kids Clinic India Ltd. (KCIL) and related transactions
India, Sept. 1 -- The Competition Commission of India (CCI) has approved acquisition of up to 100% equity shareholding of Apollo Fertility Centre Pvt. Ltd (AFCPL) and Apollo Specialty Hospitals Pvt. Ltd. (ASHPL) by Kids Clinic India Ltd. (KCIL) and related transactions.The proposed combination involves:acquisition of up to 100% equity shareholding of AFCPL, and 100% equity shareholding of ASHPL by KCIL (Proposed Apollo Acquisition);issuance of equity shares and optionally convertible debentures, representing 9.9% shareholding in KCIL (on a fully diluted basis) to Apollo Health and Lifestyle Limited (AHLL) in part consideration for the Proposed Apollo Acquisition (Proposed KCIL Acquisition); andissuance of certain equity shareholding in KCIL...
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