CCI slaps Rs 40 lakh on Axis Bank ...Middle East

Devdiscourse - Opinion
CCI slaps Rs 40 lakh on Axis Bank
source : Devdiscourse ( Middle East ) () 57
The Competition Commission of India (CCI) has slapped a fine of Rs 40 lakh on Axis Bank for failing to notify the regulator about its acquisition of a stake in CSC e-Governance. The transaction under consideration comprised acquisition of a 9.91 per cent stake in CSC e-Governance by Axis Bank and got completed in November 2020, the CCI said in an order.

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