The competition team prepared and made a pre-merger notification on behalf of Quality Investment Holdings/ Carlyle Group.

The proposed transaction involved the acquisition of 100% of the equity share capital of DEPL by

Quality Investment Holdings, also resulting in the indirect acquisition of 49% of the equity share capital of Punjab National Bank Housing Finance Limited (‘PNBHFL’).

Quality Investment Holdings – , an entity owned and controlled by the affiliates of The Carlyle Group, L.P. (‘Carlyle Group’).

Team comprised of Partner Samir Gandhi and Associate Rahul Rai.