CCI Approves Pharmeasy’s Merger with Medlife

E-pharmacy companies Medlife and PharmEasy had sought CCI’s (Competition Commission of India) approval on the merger in mid-August to which the CCI has responded in the merger’s favor on Tuesday, this week. API Holdings, the parent entity of PharmEasy will acquire 100% equity shares of Medlife. In reprisal Medlife’s promoters will get a 19.95% stake in the merged entity according to the formal filing.

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