CCI Clears 360 ONE & Claypond Capital's Acquisition in API Holdings
ECONOMY & POLICY

CCI Clears 360 ONE & Claypond Capital's Acquisition in API Holdings

The Competition Commission of India (CCI) has granted approval for the acquisition of specific Class B compulsorily convertible preference shares (CCPS B) of API Holdings by 360 ONE and Claypond Capital.

360 ONE Large Value Fund – Series 13 (360 ONE LVF) operates as a scheme under the 360 ONE Private Equity Fund, which is managed by 360 ONE Alternates Asset Management Limited (AAML). Registered with SEBI as a Category II Alternative Investment Fund (AIF), 360 ONE LVF focuses on investments across various sectors in India and internationally. AAML provides investment management services to multiple schemes within the fund, as well as other Category I and Category II AIFs under the 360 ONE Group. Additionally, it offers co-investment portfolio management services.

Claypond Capital Partners Private Limited is an Indian private limited company affiliated with the Pai Family Group. It specializes in consulting and advisory services for clients in India.

API Holdings Limited is an Indian company involved in pharmaceutical and healthcare-related activities.

The acquisition will be carried out in two steps. First, 360 ONE will purchase a portion of CCPS B shares of API Holdings from MEMG Family Office LLP (MEMG LLP). Simultaneously, Claypond Capital will acquire another portion of CCPS B shares from MEMG LLP. Collectively, these transactions form the approved acquisition.

The Competition Commission of India’s detailed order on the transaction will be issued separately.

News source: PIB

The Competition Commission of India (CCI) has granted approval for the acquisition of specific Class B compulsorily convertible preference shares (CCPS B) of API Holdings by 360 ONE and Claypond Capital. 360 ONE Large Value Fund – Series 13 (360 ONE LVF) operates as a scheme under the 360 ONE Private Equity Fund, which is managed by 360 ONE Alternates Asset Management Limited (AAML). Registered with SEBI as a Category II Alternative Investment Fund (AIF), 360 ONE LVF focuses on investments across various sectors in India and internationally. AAML provides investment management services to multiple schemes within the fund, as well as other Category I and Category II AIFs under the 360 ONE Group. Additionally, it offers co-investment portfolio management services. Claypond Capital Partners Private Limited is an Indian private limited company affiliated with the Pai Family Group. It specializes in consulting and advisory services for clients in India. API Holdings Limited is an Indian company involved in pharmaceutical and healthcare-related activities. The acquisition will be carried out in two steps. First, 360 ONE will purchase a portion of CCPS B shares of API Holdings from MEMG Family Office LLP (MEMG LLP). Simultaneously, Claypond Capital will acquire another portion of CCPS B shares from MEMG LLP. Collectively, these transactions form the approved acquisition. The Competition Commission of India’s detailed order on the transaction will be issued separately. News source: PIB

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?