TA FDI Investors Limited

1 SUMMARY OF THE PROPOSED COMBINATION [UNDER REGULATION 13(1A) OF THE COMPETITION COMMISSION OF INDIA (PROCEDURE IN REGARD TO THE TRANSACTION OF BUSINESS RELATING TO COMBINATIONS) REGULATIONS, 2011 (AS AMENDED)] A. Name of the parties to the proposed combination 1. The parties to the combination are: (i) TA FDI Investors Limited (TFIL / Acquirer). (ii) Vastu Housing Finance Corporation Limited (VHFCL / Target). 2. TFIL and VHFCL are collectively referred to as the Parties. B. Nature and Purpose of the Combination 3. The proposed transaction involves the acquisition by TFIL of up to ~11.7% equity shareholding (on a fully diluted basis) in Vastu Housing Finance Corporation Limited (VHFCL / Target) by way of a secondary purchase (Proposed Transaction). The Proposed Transaction is in the nature of an acquisition and falls under Section 5(a)(i)(A) of the Competition Act, 2002. C. Products, Services and Business(es) of the Parties TFIL / Acquirer 4. TFIL is an investment holding company and has no business activities in India apart from holding investments in companies that have business activities in India. VHFCL / Target 5. VHFCL is engaged in the provision of home loans, home extension loans, plot 2 and construction loans, construction loan, loans against property and micro/MSME loans. - It has one subsidiary, namely, Vastu Finserve India Private Limited (VFIPL), which is engaged inter alia in the provision of car loans, commercial vehicle loans, tractor loans, construction equipment loan, loans against property, etc. D. Respective markets in which the Parties operate 6. There are no, (a) horizontal overlaps; and/ or (b) vertical/ complementary links between the activities of the Parties and their respective groups/ affiliates, in India. Accordingly, absent any horizontally overlapping, and/ or vertically/ complementary business activities of the Parties in India, the relevant market need not be defined and may be left open as the Proposed Transaction will not lead to any adverse effect on competition in India. 7. Therefore, the Proposed Transaction is being filed under the green channel route in terms of Regulation 5A and Schedule III of the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011 (as amended). ********