Shares of API Holdings Acquired By Goldman Sachs India

  • Approved by the Competition Commission of India.
  • Subscription of compulsorily convertible preference shares of API Holdings Limited by Goldman Sachs India AIF Scheme-1 and Goldman Sachs India Alternative Investment Trust AIF Scheme-2.
  • Goldman Sachs India AIF Scheme-1 and Goldman Sachs India Alternative Investment Trust AIF Scheme-2 were set up under the Indian Trusts Act, 1882.

API Holdings Limited

  • It is the ultimate parent entity of the API Holdings group.
  • It is engaged in the healthcare sector in India including wholesale and distribution of pharmaceutical products, medical devices and over-the-counter (OTC) products, provision of diagnostic services, provision of tele-medical consultation services etc.
Posted in Current Affairs.