Trilegal represents Goldman Sachs and affiliates in securing approval from CCI on API Holdings shares subscription

Trilegal represents Goldman Sachs and affiliates in securing approval from CCI on API Holdings shares subscription

The leading law firm filed a merger notification with the competition regulator

Trilegal has represented Goldman Sachs (India) Alternative Investment Management Pvt Ltd and its affiliates in securing unconditional approval from the Competition Commission of India (CCI) on the proposed subscription of shares in API Holdings Limited (API).

Trilegal guided Goldman Sachs on Indian competition law aspects of the transaction and filed a merger notification with the CCI. The law firm demonstrated that the proposed transaction would not cause any appreciable adverse effect on competition in India in any of the relevant markets.

Goldman Sachs India is an indirect subsidiary of the Goldman Sachs Group Inc., a global investment banking, securities, and investment management firm. It provides a range of banking, securities, and investment services worldwide to a substantial and diversified client base including corporations, financial institutions, governments, and high-net-worth individuals.

API deals in activities related to India’s pharmaceutical and healthcare sector and owns the ‘Pharmeasy’ platform.

The competition law team of Trilegal was led by Nisha Kaur Uberoi (partner, and national head) and Gautam Chawla (partner). They were assisted by Afreen Abbassi and Ankush Walia (senior associates), Mehar Dang, Varalika Mendiratta, and Shaurya Kashyap (associates).

Cyril Amarchand Mangaldas advised API on corporate law aspects.