The Competition Commission of India (CCI) has approved acquisition of certain equity stake in Apollo Health and Lifestyle Limited (Target) by Apollo Hospitals Enterprise Limited (Acquirer).

The Proposed Combination involves the acquisition by the Acquirer of an additional 30.58% shareholding in the Target. As on date, the Acquirer already holds 68.84% shareholding in the Target, which will increase to 99.42% post-Proposed Combination.

The Acquirer is a publicly listed company and is the parent company of the Apollo Hospitals group. The Acquirer Group is engaged in providing a variety of services in the healthcare sector in India.

The Target Group is engaged in the provision of primary and secondary healthcare services, diagnostic services, and telemedical consultation services in India.

Detailed order of the Commission will follow.

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NB/ONP

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