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Goldman Sachs, Naspers, Temasek, CDPQ cleared by Indian watchdog to acquire API Holdings stake

By Freny Patel ( January 30, 2024, 22:39 GMT | Insight) -- Global financial services company Goldman Sachs, South Africa-based Naspers group, Singapore's sovereign wealth fund Temasek and Canadian institutional fund CDPQ received clearance from the Indian competition authority to acquire stake in API Holdings on Tuesday. Through their respective Indian arms, the four global investors had sought approval from the Competition Commission of India to subscribe to the compulsorily convertible preference shares of API Holdings, whose subsidiaries provide healthcare services through the online e-commerce platform PharmEasy.Goldman Sachs, South Africa-based Naspers group, Singapore's sovereign wealth fund Temasek, and Canadian institutional fund CDPQ received clearance from the Indian competition authority to acquire stake in API Holdings on Tuesday...

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