India, Sept. 2 -- The Competition Commission of India (CCI) on Tuesday approved Manipal Hospitals' proposal to acquire Pune-based Sahyadri Hospitals from global investor Ontario Teachers' Pension Plan Board.
According to CCI, the transaction involves Manipal Hospitals Pvt Ltd acquiring up to 100% stake in Sahyadri Hospitals Pvt Ltd in multiple tranches.
While the companies did not disclose the deal value, industry sources peg it at around ?6,200–6,400 crore.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....