The transaction is subject to customary closing conditions and regulatory approvals, including clearance from the Competition Commission of India (CCI) The investment comes amid Navi plans to go public. Key points and original sources are listed below.

• The transaction is subject to customary closing conditions and regulatory approvals, including clearance from the Competition Commission of India (CCI)S1

• The investment comes amid Navi plans to go public.S2

• The investment comes ahead of Navi's proposed initial public offering, which could value the Bengaluru-based financial services group at around $2 billion.S3