Also Read: It all depends on the valuation," the official told PTI. Shares of Axis Bank settled at Rs A bulk deal is a deal in which more than 0. In a block deal, two parties make a transaction involving shares worth at least Rs 5 crore. Block deal transactions are conducted in a separate trading window.
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Nomura says it is a an opportune time for Kotak since Axis Bank has ramped up the NPA recognition process and majority of the bad news is now known. On Wednesday, Axis Bank shares were trading down 1. Kotak Bank shares were trading 0. On Monday, the bank in a filing to the bourses, announced that she has decided to cut down her fourth term and quit on December 31, A likely deal between Kotak and Axis will make the combined entity the second largest private bank in the country in terms of loans and the largest in terms of branches.
Nomura said that it was an opportune time for Kotak since Axis Bank had ramped up on the NPA recognition process and the majority of the bad news was now known. The RBI requires promoters of private banks to bring down their holding to 15 per cent within 12 years of commencement of operations. Uday Kotak and his family currently hold N Balaiah, 79, of Kondapur near Kamareddy, looks concerned.
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With inputs from agencies. Published on April 11, This article is closed for comments. Please Email the Editor. First among equals N Balaiah, 79, of Kondapur near Kamareddy, looks concerned. Farm income support, a silver bullet? Samsung Galaxy S10e review: Buy Investors with a short-term perspective can buy the stock of Gateway Distriparks at current levels. Topic of cancer: New forms, targeted therapies and more As the disease shape-shifts and affects more Indians than ever before, hope lies in the evolving line of From head honcho to convicted felon — just what happened to Rajat Gupta?
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Citing people with knowledge of the matter, Bloomberg reported that Bharti Airtel has started due diligence of Zee Entertainment and is likely to make a formal proposal soon. Reliance Jio is also considering a bid, it said, adding that the planned move comes as the two telecom operators are locked in a fierce battle for market share in India. Chandra had initiated the process to sell a stake in Zee in November as part of efforts to reduce debt. Meanwhile, private equity firm Bain Capital is looking to refinance the debt it had taken to invest in Axis Bank, The Economic Times reported, citing four people familiar with the matter.
Make your cart ready and shop with Axis debit or credit card to avail superb discounts on the Flipkart. Yes, we are talking about Flipkart and Axis bank who have come together this festive season to transfer everything that you have in your wishlist to your cart and buy them without a second thought.
To receive the cash back, purchase a product on Amazon. Digital content purchases are excluded from this promotion eBooks and Apps. Digital content purchases are excluded from this promotion eBooks and Apps 3. Cash back will be provided at card level i. Offer Period for the cash back is 24th October to 3rd November both days inclusive 6.
FinMin may sell part of SUUTI holding in Axis Bank, ITC
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Private sector lender Axis Bank has agreed to buy mobile payments company Freecharge for Rs crore, according to filings with the Bombay Stock Exchange. According to media reports, managing director and chief executive of Axis Bank, Shikha Sharma added that the deal is key from a strategic perspective for the bank. While the bank is expecting regulatory clearance of the deal in two months, it might be looking to merge its wallet business with the latter. Paytm at one time was also touted to be in the race to acquire the mobile wallet company. However, it was reported that the deal fell through on the acquisition price. Sources claim that the entire staff of Freecharge will be absorbed into Axis with recently appointed Chief Executive Jason Kothari expecting to leave the firm after the smooth handover. Happy to announce the partnership between Axis Bank and Freecharge. A great institution taking a fantastic business ahead! Kudos to FC team! Also, taking to social media was Co-founder of Freecharge, Kunal Shah, who said, "Most internet exits in India have been due to running out of money or common investors wanting to cut losses and merge their portfolio companies, but we had none of that situation and we chose this path to become bigger.
I-T dept probing Axis Bank staff for allegedly facilitating benami deals
A day back, Flipkart had sent a strict term sheet to Snapdeal, regarding their possible merger. The conditions mentioned in the term sheet are actually quite harsh, and this can be the reason for the emotional letter penned by Kunal Bahl, co-founder of Snapdeal. Or they have some other plans? We try to explore…. Freecharge has been a tremendously enriching experience for us.
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Whether you want to earn rewards or save more with discounts and deals, you will never fall short of Credit Card options. Paisabazaar is the right place to find the card that best fits your needs. By submitting this form, I agree to Term of Use. Axis Bank provides unmatched privileges and offers to its customers including net banking, debit card and credit card. Customers can choose to apply for an Axis Bank credit card that best suits their needs and also offers maximum rewards in return for using the card. Some of the currently active Axis Bank credit card offers are listed here to help you make the most of your purchases and avail huge discounts. Pizza Hut: Bookings eligible for this discount are only on domestic flights.
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Axis Bank inks largest ATM outsourcing deal
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The most recent Block for Axis Bank Ltd. See all the large transactions via Bulk or Block deals made by promoters, mutual funds, financial institutions, insurance companies, banks, venture capitalists and foreign institutional investors. Block deals happen during a specified interval in the morning while Bulk deals can happen throughout the day. Markets Today. Mutual Funds. What s New. Axis Bank Ltd.
Axis Capital brings to you a strong and experienced team that has successfully delivered for several leading names in Indian business. Our experience of evaluating businesses over the years has enabled us to optimally mobilize resources for our corporate and institutional clients. Our people are intensely - and perpetually - client-focused. Clients in turn appreciate our knowledge, integrity, teamwork and quality of execution. Godrej Agrovet Limited. We were extremely happy with the ownership, level of commitment, and excellence of delivery demonstrated by the entire Axis Capital team and we are grateful for it. They demonstrated ownership and assisted us throughout the transaction. They helped the Anchor marketing process very well and procured some of the best names which created early momentum in our deal. Chairman, Maruti Suzuki India. I would like to take this opportunity to convey my thanks and appreciation to Axis Capital team for the professional advice, support and dedicated hard work that resulted in the minority share holders voting overwhelmingly in favour of our related party transaction with SMG. Recent Transactions.