{"id":11308,"date":"2024-07-24T19:36:52","date_gmt":"2024-07-24T14:06:52","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=11308"},"modified":"2024-07-24T19:36:52","modified_gmt":"2024-07-24T14:06:52","slug":"cci-approves-manipal-health-systems-acquisition-in-aakash-educational-services-limited","status":"publish","type":"post","link":"https:\/\/new.matribhumisamachar.com\/en\/2024\/07\/24\/cci-approves-manipal-health-systems-acquisition-in-aakash-educational-services-limited\/","title":{"rendered":"CCI Approves Manipal Health Systems&#8217; Acquisition in Aakash Educational Services Limited"},"content":{"rendered":"<p style=\"text-align: justify;\">The Competition Commission of India (CCI) has approved\u00a0acquisition by Manipal Health Systems Private Limited and MEMG Family Office LLP in Aakash Educational Services Limited.<\/p>\n<p style=\"text-align: justify;\">Manipal Health Systems Private Limited (<strong>Acquirer-1<\/strong>) is a company resident in India engaged in the business of running\/ managing hospitals and providing healthcare services.<\/p>\n<p style=\"text-align: justify;\">MEMG Family Office LLP (<strong>Acquirer-2<\/strong>), incorporated in India, is a limited liability partnership firm and ultimately belongs to the Pai Family Group. Acquirer-2 is engaged in the provision of consultancy services in India.<\/p>\n<p style=\"text-align: justify;\">Aakash Educational Services Limited (<strong>Target<\/strong>) is a public unlisted limited company incorporated in India under the Companies Act, 1956. The Target (directly or through its subsidiary or through its franchisees) is engaged in providing the following services: (a) coaching services supplementing their classroom learning curated learning resources for class 8; (b) preparatory coaching services for junior competitive scholarship tests and merit-based entrance tests, such as Olympiads and NTSE; (c) coaching services supplementing their classroom learning curated learning resources for class 9 to 10; and (d) coaching services supplementing their classroom learning curated learning resources for science stream for classes 11 and 12. The Target offers its services through multiple modes such as classroom-based coaching, online learning, distance learning and hybrid learning programmes.<\/p>\n<p style=\"text-align: justify;\">The transaction in relates to &#8211;<\/p>\n<ol style=\"text-align: justify;\">\n<li>The allotment of identified equity stake in the Target to the Acquirer-1 (<strong>Transaction-1<\/strong>);<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">The right to seek transfer of certain equity shares of the Target (<strong>Transaction-2<\/strong>) [Transaction-1 and Transaction-2, together, referred to as the \u2018<strong>Notified Transactions<\/strong>\u2019].<\/p>\n<p style=\"text-align: justify;\">CEPL is the parent\/holding entity of NTCPL.<\/p>\n<p style=\"text-align: justify;\">NTCPL is the parent entity of CRPL. NTCPL would commence the business of providing Business Onboarding and Integration Services.<\/p>\n<p style=\"text-align: justify;\">CRPL is engaged in B2C and B2B sale of products to customers on the Amazon India Marketplace.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission of India (CCI) has approved\u00a0acquisition by Manipal Health Systems Private Limited and MEMG Family Office LLP in Aakash Educational Services Limited. Manipal Health Systems Private Limited (Acquirer-1) is a company resident in India engaged in the business of running\/ managing hospitals and providing healthcare services. MEMG Family Office LLP (Acquirer-2), incorporated in [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":106422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52886],"tags":[],"class_list":["post-11308","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-english-news"],"_links":{"self":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/11308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/comments?post=11308"}],"version-history":[{"count":0,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/11308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media\/106422"}],"wp:attachment":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media?parent=11308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/categories?post=11308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/tags?post=11308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}