REG - Axis Bank Ltd Axis Bank Ltd (144A) - Approval of Competition Commission of India

Axis BankAnnouncement

26/07/2022 14:45

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RNS Number : 8074T  Axis Bank Limited  26 July 2022

 

AXIS/CO/CS/230/2022-23

 
 

July 26, 2022

 

Dear Sir(s),

 

SUB: Disclosure under Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 - Receipt of approval of
Competition Commission of India.

 

This is in reference to our letter no. AXIS/CS/CO/697/2021-22 dated March 30,
2022, informing you about purchase of the Citibank's India Consumer Business
from Citibank N.A. (acting through its branch in India) ("CBNA") and the NBFC
Consumer Business from Citicorp Finance (India) Limited ("CFIL"), subject to
fulfilment of specific conditions and obtaining requisite approvals.

 

In this regard, we would like to inform you that we have received intimation
from the Competition Commission of India vide its letter dated July 26, 2022,
that the combination has been considered and approved at its meeting held on
July 25, 2022.

 

This is for your information and records.

 

Thanking you,

 

Yours Sincerely,

For Axis Bank Limited

 

 

 

Sandeep Poddar

Company Secretary

 

 

http://www.rns-pdf.londonstockexchange.com/rns/8074T_1-2022-7-26.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/8074T_1-2022-7-26.pdf)

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