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Anti-trust regulator CCI clears Abu Dhabi Investment Authority minority stake acquisition in Intas Pharma
![Anti-trust regulator CCI clears Abu Dhabi Investment Authority minority stake acquisition in Intas Pharma Anti-trust regulator CCI clears Abu Dhabi Investment Authority minority stake acquisition in Intas Pharma](https://medicaldialogues.in/h-upload/2022/10/11/750x450_187578-acquisition-new.webp)
New Delhi: Anti-trust regulator Competition Commission of India (CCI) has cleared Platinum Owl's acquisition of a minority stake in Intas Pharmaceuticals. The proposed transaction involves a secondary acquisition by Platinum Owl of 3 percent of the equity shareholding of Intas (on an outstanding shares basis).
Intas is a public company engaged in the business of development, manufacture and marketing of pharmaceutical formulations and is the ultimate parent company of the Intas group. The products of Intas have a pan-India presence and have an extensive portfolio of specialty and generic pharmaceuticals exported globally from its manufacturing facilities in India.
Read also: Intas Pharma bags CDSCO panel nod to study Human Normal Immunoglobulin
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751