Axis Bank Set to Acquire FreeCharge in an All-cash Deal of $60 Million, While Snapdeal Getting Ready for Flipkart Purchase
The Snapdeal board is on the verge of closing the deal to sell digital payments platform – FreeCharge – to Axis Bank. The third largest private sector bank in India swooped in to acquire FreeCharge for USD 60 million from the troubled e-commerce marketplace, Snapdeal. The corporation will be taking over all hundred percent of equity capital in the all-cash deal of Rs. 385 crores. Earlier this month, it was... Read More