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.

Merger control: approval granted for acquisition of shareholding in La Renon Healthcare by an SPV investor. Merger control approval was granted for the proposed acquisition of a specified shareholding in La Renon Healthcare Private Limited by Rajadhiraja Limited, a special purpose vehicle owned and controlled by an investment fund; La Renon operates in pharmaceutical manufacturing and distribution including drugs, nutraceuticals, dietary supplements and active pharmaceutical ingredients, and the Acquirer does not currently carry on business in India, with a detailed administrative order to follow.