The Competition Commission of India has approved Mauritius-based financial services company Destimoney Enterprises’ proposed sale of its Indian arm to Quality Investment Holdings, an entity controlled by alternative asset manager The Carlyle Group, for a reported US$200 million. Carlyle will acquire a 100 percent stake in Destimoney Enterprises’ Indian arm. The deal will also result in an indirect purchase of a 49 percent stake in India-based home loan provider Punjab National Bank Housing Finance, which is presently held by Destimoney Enterprises.