The Indian Competition Authority approves the acquisition of over 70% equity stake in a health and safety company by an investment fund (Forbes Enviro Solutions / Lunolox)

Lunolox Limited (“Lunolux / Acquirer”) is a special purpose vehicle incorporated by AI Global Investments (Cyprus) PCC Limited (“AI Global”) for the purposes of the proposed combination. AI Global operates as the investment hub for Asia for all the funds managed by Advent International Corporation (“Advent Corporation”). Forbes Enviro Solutions Limited (“FESL / Target”) is presently a subsidiary of Eureka Forbes