Axis Bank Acquires Citibank's India Consumer Business

The transaction, announced in March 2022, has been closed for a cash consideration of Rs 11,630 crore ($1.41 billion).

Axis Bank Ltd completed its acquisition of Citibank's India consumer business. (File)

Mumbai:

Axis Bank Ltd said on Wednesday it has completed its acquisition of Citibank's India consumer and non-banking finance businesses.

The transaction, announced in March 2022, has been closed for a cash consideration of 116.03 billion rupees ($1.41 billion).

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