Blackstone acquires majority stake in wealth management firm ASK from Advent, others
Capital markets regulator Sebi had in December 2021, approved the deal where Blackstone acquired 71 per cent stake in the company. Earlier it had received a nod from the Competition Commission of India.
Axis Bank set to buy Citigroup’s $2.5 billion India retail unitAn agreement for the consumer unit may be announced as soon as the next few weeks and is contingent on approval from the Reserve Bank of India, the people said, asking not to be identified as the information is private. The deal would include a cash component of less than $2 billion, accounting for the consumer business’s liabilities, the people said.
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