The Competition Commission of India (CCI) has approved the proposed acquisition of shareholding in Dhoot Transmission Private Limited (DTPL) by BC Asia Investments XV Limited and BC Asia Investments XVI Limited.

Transaction Details The acquisition involves BC Asia Investments XV Limited and BC Asia Investments XVI Limited acquiring a stake in DTPL. The transaction also includes certain inter-connected agreements as part of the investment structure. About the Acquirers – Bain Capital Entities BC Asia Investments XV Limited and BC Asia Investments XVI Limited are indirectly owned and controlled by Bain Capital Partners LLC. Bain Capital is a leading private equity investment firm, managing funds across various sectors globally. About Dhoot Transmission Private Limited (DTPL) DTPL is a manufacturer and supplier of automotive components in the electrical and electronics (E&E) category, catering to Original Equipment Manufacturers (OEMs). Its product portfolio includes:

Wiring harnesses Automotive switches Electronic sensors and controllers (Flashers 24V) Connectors and terminals Automotive cables and power cords In addition to the automotive industry, DTPL also supplies wiring harnesses to the medical devices and consumer durables sectors.

Next Steps A detailed order from the Competition Commission of India will be released in due course.