Notice for Acquisition given by Magma Fincorp Limited.

COMPETITION COMMISSION OF INDIA

22^nd January, 2013

Combination Registration No. C-2012/12/102

Order under section 31(1) of the Competition Act, 2002

1. On 28^th December, 2012, the Competition Commission of India (hereinafter referred to as the “ Commission ”) received a notice under sub-section (2) of Section 6 of the Competition Act, 2002 (hereinafter referred to as the “ Act ”) given by Magma Fincorp Limited (hereinafter referred to as “ Magma ”).

1. The notice which was given pursuant to an Agreement for Sale dated 15^th December, 2012 (hereinafter referred to as the “ Agreement ”) executed between Religare Finvest Limited (hereinafter referred to as “ Religare” ) and Magma, relates to the acquisition by Magma of all the rights, title and interest in the vehicles and all receivables arising therefrom, whether under the lease agreements/vehicles purchase agreement or otherwise, which constitutes the entire leasing portfolio of Religare.

1. In terms of Regulation 14 of the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011(hereinafter referred to as the “ Combination Regulations ”), vide letter dated 4^th January, 2013, Magma was required to remove certain defects and provide information/ document(s). The response of Magma in this regard was received on 14^th January, 2013.