<ul data-eligibleForWebStory="false"><li>The Competition Commission of India (CCI) imposed a fine of Rs 4 lakh on Carlyle and Bequest for incorrectly using the green channel route to acquire stakes in engineering services firm Quest Global Services.</li><li>Carlyle and Bequest's combination did not meet the criteria of the Green Channel as prescribed under the combination regulations.</li><li>Carlyle's affiliate CA Plume Investments and Bequest Inc submitted a notice under the green channel route for the acquisition of equity stakes in Quest Global Services, leading to the penalty.</li><li>The acquirers admitted their error, apologized, and have been directed to pay the penalty within 60 days and submit a fresh notice under the correct format within 30 days.</li></ul>

CCI Imposes Fine Of Rs 4 Lakh On Carlyle And Bequest

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