HomeNewsBusinessEarningsAxis’ buy of Citi’s consumer business has minimum negative surprise

Axis’ buy of Citi’s consumer business has minimum negative surprise

Deal gives Axis access to super affluent clients of Citi as also the scope to cut cost and derive synergy benefits

Madhuchanda Dey

March 03, 2023 / 15:01 IST

Axis’ buy of Citi’s consumer business has minimum negative surprise

Axis expects the integration to complete in the coming 18 months and pegs Rs 1500 crore as the integration cost – a combination of Rs 1200 crore for using the transaction services from Citi and Rs 300 crore as pure integration costs

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More