Axis Bank acquires Freecharge

[ahlam1399]

http://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAlH76X.img?h=100&w=100&m=6&q=60&o=f&l=f&x=970&y=568In a **tification to the stock exchanges, Axis Bank Ltd on Thursday said that it has entered into a Share Purchase Agreement with Jasper Infotech Private Limited, the owner of Snapdeal, to acquire 100 per cent equity capital of Freecharge for a cash consideration of Rs 385 crore. Commenting on the acquisition, Axis Bank CEO Shikha Sharma said, "The acquisition was a strategic fit. The platform is a good quality one and we felt the value we paid was ...

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