The Competition Commission of India (CCI) has approved\u00a0acquisition by Manipal Health Systems Private Limited and MEMG Family Office LLP in Aakash Educational Services Limited.<\/p>\n
Manipal Health Systems Private Limited (Acquirer-1<\/strong>) is a company resident in India engaged in the business of running\/ managing hospitals and providing healthcare services.<\/p>\n MEMG Family Office LLP (Acquirer-2<\/strong>), incorporated in India, is a limited liability partnership firm and ultimately belongs to the Pai Family Group. Acquirer-2 is engaged in the provision of consultancy services in India.<\/p>\n Aakash Educational Services Limited (Target<\/strong>) 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.<\/p>\n The transaction in relates to –<\/p>\n The right to seek transfer of certain equity shares of the Target (Transaction-2<\/strong>) [Transaction-1 and Transaction-2, together, referred to as the \u2018Notified Transactions<\/strong>\u2019].<\/p>\n CEPL is the parent\/holding entity of NTCPL.<\/p>\n NTCPL is the parent entity of CRPL. NTCPL would commence the business of providing Business Onboarding and Integration Services.<\/p>\n CRPL is engaged in B2C and B2B sale of products to customers on the Amazon India Marketplace.<\/p>\n","protected":false},"excerpt":{"rendered":" The Competition Commission of India (CCI) has approved\u00a0acquisition by Manipal Health Systems Private Limited and MEMG Family Office LLP in Aakash Educational Services Limited. Manipal Health Systems Private Limited (Acquirer-1) is a company resident in India engaged in the business of running\/ managing hospitals and providing healthcare services. MEMG Family Office LLP (Acquirer-2), incorporated in …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[8650,8651,4288,8649],"class_list":["post-11308","post","type-post","status-publish","format-standard","","category-business-english-news","tag-aakash-educational-services-limited","tag-acquisition-impact","tag-cci-approval","tag-manipal-health-systems"],"yoast_head":"\n\n