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<h1>Competition clearance for acquisition of auto components manufacturer by private equity funds enables shareholding transfer and related transactions.</h1> The Competition Commission of India approved the acquisition of shareholding in Dhoot Transmission Private Limited by BC Asia Investments XV Limited and BC Asia Investments XVI Limited, funds indirectly owned and controlled by Bain Capital, with certain interconnected transactions envisaged. DTPL manufactures and sells electrical and electronics auto components-including wiring harnesses, switches, sensors, connectors, terminals and cables-to Original Equipment Manufacturers and supplies wiring harnesses to medical devices and consumer durables sectors. A detailed Commission order will follow.