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Carlyle Group fined by Indian watchdog for merger overlap omission

By Freny Patel ( July 8, 2025, 08:20 GMT | Insight) -- The Carlyle Group has been fined by the Indian watchdog for failing to disclose crucial information regarding overlaps in its 2023 stake in Quest Global Services. The Competition Commission of India fined the private equity company's investment vehicle, CA Plume Investments, and Bequest, a holding entity of Quest's co-founder and CEO Ajit Prabhu, 400,000 rupees ($5,000) for an "inadvertent error" in identifying business overlaps when acquiring Quest Global Services under the expedited "green channel" approval route. Private equity firm the Carlyle Group has been fined by the Indian watchdog for failing to disclose crucial information regarding overlaps in its acquisition of Quest Global Services....

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