<h1>Merger control approval for private equity acquisition of shareholdings in housing finance, NBFC and AI services firms.</h1> The Competition Commission of India approved the proposed acquisition by Multiples Plenty Private Equity GIFT Fund of certain shareholding in Vastu Housing Finance Corporation Limited, APAC Financial Services Limited, and Quantiphi, Inc. The acquirer is a newly formed trust registered as a Restricted Scheme and managed by Multiples Asset Management IFSC LLP; the sellers and the acquirer are funds of the same private equity group. Vastu provides retail home and MSME loans (and related lending via a subsidiary), APAC is an NBFC engaged in MSME retail lending, and Quantiphi supplies AI, machine learning and data analytics services in India through a subsidiary.