Healthcare Global Enterprises Limited has informed the Exchange that the Competition Commission of India vide its letter dated 1 May 2025 has approved the sale of upto 54% of voting share capital of the Company from Aceso Company Pte. Ltd to Hector Asia Holdings II Pte. Ltd., KIA EBT II Scheme 1.
HCG · price
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Healthcare Global Enterprises (HCG) has informed the exchanges that the Competition Commission of India (CCI) has approved the sale of up to 54% of the company's voting share capital from Aceso Company Pte. Ltd. (Seller) to Hector Asia Holdings II Pte. Ltd. and KIA EBT II Scheme 1 (Purchasers). This follows the share purchase agreement signed on 23 February 2025 between the parties. CCI approved the deal at its meeting held on 1 May 2025 under Section 31(1) of the Competition Act, 2002. The detailed order from CCI is still awaited. This is a key regulatory clearance required for the change in controlling shareholding of the listed oncology hospital chain.
This clearance removes a major regulatory hurdle for the change of ownership at HCG, paving the way for Hector Asia Holdings and KIA EBT II Scheme 1 to become new promoters. Shareholders should watch for the next steps, including potential mandatory open offer obligations under SEBI Takeover Regulations given the 54% stake size.