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

02 Apr 2025 CW Team

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

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..