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The Competition Commission of India (CCI) has approved the sale of Apollo Hospitals Enterprise Ltd’s pharmacy business to Enam Securities Pvt Ltd, Jhelum Investment Fund and Hemendra Kothari.
“@CCI_India approves restructuring of pharmacy business of Apollo Hospitals Enterprise Limited and its subsequent acquisition by Enam Securities Private Limited, Jhelum Investment Fund I, and Mr. Hemendra Kothari,” the anti-trust regulator said in a tweet.
In November, Apollo Hospitals had announced the restructuring and sale of its pharmacy operations under Apollo Pharmacies Ltd to the consortium for Rs. 527.8 crore.
Under the plan, the front end pharmacy business of the hospital chain would be transferred to Apollo Pharmacies, which itself would be a wholly owned subsidiary of Apollo Medicals Pvt Ltd.
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