CCI approves acquisition of a certain shareholding in La Renon Healthcare Private Limited by Rajadhiraja Limited.

CCI approves acquisition of a certain shareholding in La Renon Healthcare Private Limited by Rajadhiraja Limited.

The Competition Commission of India has approved the acquisition of a certain shareholding in La Renon Healthcare Private Limited by Rajadhiraja Limited.

The proposed combination relates to the acquisition of a certain shareholding in La Renon Healthcare Private Limited (LRHPL) by Rajadhiraja Limited (Acquirer).

The Acquirer is a special purpose vehicle owned and controlled by Creador VI L.P. and presently does not directly carry out any business activities in India.

LRHPL is involved in the pharmaceutical sector and is engaged, inter alia, in activities relating to manufacturing and/or distribution of pharmaceutical drugs, nutraceuticals and dietary supplements, and active pharmaceutical ingredients.

Detailed order of the Commission will follow.