CCI approves the acquisition of less than 5% shareholding in Intas Pharmaceuticals Limited by Canary Investments Limited and Link Investment Trust II

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....CI approves the acquisition of less than 5% shareholding in Intas Pharmaceuticals Limited by Canary Investments Limited and Link Investment Trust II <br>News and Press Release<br>Dated:- 1-5-2020<br><....

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....BR>The Competition Commission of India (CCI) approves the acquisition of less than 5% shareholding in Intas Pharmaceuticals Limited by Canary Investments Limited and Link Investment Trust II, under Se....

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....ction 31(1) of the Competition Act, 2002. The Proposed Combination relates to acquisition of less than 5% shareholding of Intas Pharmaceuticals Limited (Intas) by Canary Investments Limited (Canary) ....

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....and Link Investment Trust II (Link II). Canary is an investment company registered in Mauritius. Link II is a private trust created and registered under the laws of India. Intas is a public limited c....

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....ompany incorporated and registered under the laws of India. Intas is said to be a vertically integrated global pharmaceutical formulation development, manufacturing, and marketing company. The Commis....

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....sion approved the Proposed Combination subject to the carrying out of modifications proposed by Canary and Link II. The detailed order of the CCI will follow.<BR> News - Press release - PIB....