Wednesday, April 25, 2012

RBI clears Axis-Enam deal, integration likely in 3rd qtr


……….The deal has now been cleared by the RBI without any more riders. We need to get approval from the Securities and Exchange Board of India (Sebi), the high court, and also from our shareholders and creditors. We expect this process to be complete and the integration to happen by the end of the third quarter,”……………
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