<h1>Competition authority approves acquisition of up to 80.15% in housing finance company via secondary share purchase and open offer</h1> The competition authority approved a proposed combination under which an acquirer will acquire up to 80.15% of a housing finance company through a secondary share purchase and an open offer to public shareholders. The acquirer is controlled by funds advised by a private investment manager and functions as an investment holding vehicle, while the target operates in India providing home loans, loans against property and acting as a corporate insurance distribution agent. The approval is subject to a detailed order to be issued by the authority.