The Competition Commission of India (CCI) has granted approval for the subscription of certain equity shareholding by Kedaara Pearl Holding and Kedaara Capital Fund IV AIF in Axis Finance Limited. The proposed combination involves these investment vehicles, which belong to the Kedaara Group, acquiring equity in the target company. Axis Finance Limited is engaged in providing a range of financial services across India, including wholesale lending, MSME financing, retail loans to individuals and businesses, and the distribution of insurance products. The Commission noted that a detailed order regarding this approval will be issued subsequently.