CCI approves the proposed acquisition of certain shareholding of Micro Life Sciences Pvt. Ltd. by Platinum Jasmine A 2018 Trust (acting through its trustee Platinum Owl C 2018 RSC Limited)
India, Aug. 19 -- The Competition Commission of India has approved the proposed acquisition of certain shareholding of Micro Life Sciences Pvt. Ltd. by Platinum Jasmine A 2018 Trust (acting through its trustee Platinum Owl C 2018 RSC Limited).The proposed combination entails the Acquirer to - (i) subscribe to certain equity shares proposed to be issued by the Target; and (ii) acquire certain equity shares of the Target from Bilakhia Holdings Pvt. Ltd., amounting to approximately 3.06% shareholding in the Target (collectively, referred to as the Proposed Combination).Platinum Jasmine A 2018 Trust (acting through its trustee Platinum Owl C 2018 RSC Limited) (Acquirer) is an investment entity owned and controlled by the Abu Dhabi Investment Au...
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