The CCI has approved the acquisition by Manipal Health Systems Private Limited and MEMG Family Office LLP in Aakash Educational Services Limited
The Competition Commission of India (CCI) has approved the acquisition of Manipal Health Systems Pvt Ltd and MEMG Family Office LLP in Aakash Educational Services Limited.
Manipal Health Systems Private Limited (Aqar-1) is an India-based company engaged in the business of running/managing hospitals and providing healthcare services.
MeMG Family Office LLP (Acquirer-II), formed in India, is a limited liability partnership entity and ultimately belongs to the Pai Family Group. Acquirer-II is engaged in providing consultancy services in India.
Aakash Educational Services Limited (Target) is a public unlisted limited company incorporated in India under the Companies Act, 1956
Aakash Educational Services Limited (Target) 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.
The transaction in relates to
The CCI has approved the acquisition of Manipal Health Systems Pvt Ltd and MEMG Family Office LLP in Aakash Educational Services Limited.
The Competition Commission of India (CCI) has approved the acquisition of Manipal Health Systems Pvt Ltd and MEMG Family Office LLP in Aakash Educational Services Limited.
Manipal Health Systems Private Limited (Aqar-1) is an India-based company engaged in the business of running/managing hospitals and providing healthcare services.
MeMG Family Office LLP (Acquirer-II), formed in India, is a limited liability partnership entity and ultimately belongs to the Pai Family Group. Acquirer-II is engaged in providing consultancy services in India. read more
