Axis Bank acquires payments wallet Freecharge for Rs 385 crore
Acquiring Freecharge's business would give Axis Bank access to about 52 million mobile wallet holders of Freecharge as well as about 150 to 200 professionals.
Jul 27, 2017, 13:46 PM ISTAxis Bank likely to acquire Freecharge for Rs 350-400 crore; announcement likely today
Snapdeal is also looking at selling its e-commerce business and has been engaged in discussions with larger rival Flipkart for the past few months.
Jul 27, 2017, 09:13 AM IST