TaxTMI 
TaxTMI 
CCI approves combination involving acquisition in Aakash Educational Services Limited by Manipal Health Systems Private Limited and Manipal Education and Medical Group India Private Limited
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....CI approves combination involving acquisition in Aakash Educational Services Limited by Manipal Health Systems Private Limited and Manipal Education and Medical Group India Private Limited<BR>Income Tax<BR>Dated:- 25-6-2025<BR><BR>The Competition Commission of India has approved the combination involving acquisition in Aakash Educational Services Limited by Manipal Health Systems Private Limited a....
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....nd Manipal Education and Medical Group India Private Limited. Manipal Health Systems Private Limited (Acquirer-1) is a company registered in India and is owned and controlled by resident Indians. Acquirer-1 is engaged in the business of running / managing hospitals and providing healthcare services. Manipal Education and Medical Group India Pvt Ltd (Acquirer 2) is a company registered in India a....
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....nd is owned and controlled by resident Indians. Acquirer-2 is engaged in the provision of management consultancy services in India (Acquirer-1 and Acquirer-2 are collectively referred to as the 'Acquirers'). Aakash Educational Services Limited (Target) is a public unlisted limited company incorporated in India under the Companies Act, 1956. The Target (directly or through its subsidiary or throug....
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....h its franchisees) is engaged in providing the following services: (a) coaching services supplementing their classroom learning curated learning resources for class 8, (b) preparatory coaching services for junior competitive scholarship tests and merit-based entrance tests, such as Olympiads and NTSE, (c) coaching services supplementing their classroom learning curated learning resources for ....
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....class 9 to 10, and (d) coaching services supplementing their classroom learning curated learning resources for science stream for classes 11 and 12. The Target offers its services through multiple modes such as classroom-based coaching, online learning, distance learning and hybrid learning programmes. The transaction relates to the acquisition of equity shares in the Target by the Acquirers from....
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.... Mr. J. C. Chaudhry, an individual shareholder in the Target (Combination). Detailed order of the Commission will follow.<BR> News - Press release - PIB....