Acquisition of Shareholding in Nido Home Finance Limited by CA Sardo Investments and Salisbury Investments Private Limited

I. Parties to the Proposed Transaction

1. The parties to the Proposed Transaction (defined below) are— (a) CA Sardo Investments (b) Salisbury Investments Private Limited; and (c) Nido Home Finance Limited (Target).
2. CA Sardo Investments and Salisbury Investments Private Limited are together referred to as the Acquirers. The Acquirers and Target are together referred to as the Parties. II. Nature and purpose of the Proposed Transaction
3. The present notification form is filed in relation to certain inter-connected steps resulting in the acquisition of certain shareholding of Target by the Acquirers (Proposed Transaction). III. Products, services and businesses of the Parties to the Proposed Transaction (a) Acquirers
4. CA Sardo Investments incorporated in Mauritius is an investment holding company and is ultimately owned by investment funds advised and / or managed by the affiliates of The Carlyle Group Inc.
5. Salisbury Investments Private Limited is a private financial co-investment vehicle that is incorporated under the laws of India. (b) Target
6. Target is a non-deposit taking housing finance company, engaged in the business of providing loans and advances for housing activities. IV. Purpose of the Proposed Transaction SUMMARY UNDER REGULATION 13 (2) OF THE COMPETITION COMMISSION OF INDIA (COMBINATIONS), REGULATIONS, 2024 Annexure 18 Public Version TRUE COPY

(a) For the Acquirers 7. The Proposed Transaction represents an opportunity for the Acquirers to support Target in scaling its operations and capitalizing on the structural growth tailwinds in the Indian affordable housing sector to build a leading financial institution. (b) For Target 8. Through the Proposed Transaction, Target will strengthen its financial foundation with a meaningful infusion of primary equity, positioning it to better serve the underserved affordable and mid-ticket housing segments across rural, semi-urban and emerging markets. V. Relevant Market(s) in which the Parties operate 9. The activities of the Parties, their respective group entities and their affiliates, do not exhibit any horizontal overlaps, vertical or complementary linkages in India. 10. Accordingly, the Proposed Transaction is notified under Section 6(4) of the Competition Act, 2002 (as amended) read with Rule 3 of the Competition (Criteria of Combination) Rules, 2024 and Regulation 5(5) of the Competition Commission of India (Combinations) Regulations, 2024.

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