Shares of API Holdings Acquired By MacRitchie Investments

  • Approved by the Competition Commission of India.
  • The subscription of compulsorily convertible preference shares of API Holdings Limited by MacRitchie Investments Pte. Ltd. and EvolutionX Debt Capital Master Fund 1 Pte. Ltd.

MacRitchie

  • It is an investment holding company and does not engage in any business operation other than holding investments.
  • It is an indirect wholly owned subsidiary of Temasek Holdings (Private) Limited.
  • Temasek is an investment company based in Singapore.
  • Temasek‚Äôs portfolio includes Financial Services; Transportation & Industrials; Telecommunications, Media & Technology; Consumer & Real Estate; Life Sciences & Agri-Food; multi-sector funds as well as others (including credit).

EvolutionX

  • It is a growth-stage debt financing platform jointly set up by DBS Group Holdings Ltd. and Temasek.
  • Headquartered in Singapore.
  • It provides less dilutive financing to technology-enabled companies across Asia, with a focus on India, China and Southeast Asia.
Posted in Current Affairs.