<h1>Private equity firm acquires stakes in two NBFCs through equity subscription and mandatory open offer</h1> The Competition Commission of India approved a proposed combination involving two investment entities controlled by a private equity firm acquiring stakes in two non-banking financial companies. The transaction includes subscription to equity shares and warrants in one NBFC, a mandatory open offer to acquire additional shares from public shareholders, and acquisition of another NBFC. The target companies are diversified NBFCs primarily engaged in gold loans, vehicle loans, and MSME lending services. The acquiring entities are investment holding companies controlled by a private equity investment firm that invests across multiple industries including financial services.