This week’s anti-trust and privacy updates are as follows:
CCI approves Axis Bank acquisition of Citi Corp
The CCI, last week, approved Axis Bank’s Rs. 12,325 Cr. acquisition of Citi Bank NA and Citicorp Finance India Limited. Axis Bank, as per the deal, would be acquiring all of Citi’s consumer banking activities. Citi’s credit cards, personal loans and wealth management business would be transferred to Axis Bank. The acquisition is expected to close by September 2024.
CCI approves Greenforest acquisition of stake…