India, Dec. 23 -- Competition Commission of India has approved the acquisition of certain warrants of Federal Bank Limited by Asia II Topco XIII Pte. Ltd.The proposed combination envisages acquisition of certain warrants by Asia II Topco XIII Pte. Ltd. (Acquirer), each carrying a right to subscribe to one fully paid-up equity share of Federal Bank Limited (Target).Upon full exercise of the warrants, the Acquirer will hold 9.99% of the paid-up share capital of the Target, on a fully diluted basis. The Acquirer will have the right to nominate a director on the Target's board (as long as the Acquirer holds at least 5% of the paid-up share capital of the Target).The Acquirer is controlled by funds advised and / or managed by affiliates of Black...