CCI imposed penalty on Axis Bank for failure to notify an acquisition
CCI imposed penalty on Axis Bank for failure to notify an acquisition
August 19 2023       CCI imposed penalty on Axis Bank for failure to notify an acquisition

CCI has imposed a penalty of Rs 40 lakh on Axis Bank for failure to notify an acquisition of 9.91% in CSC e-governance. The transaction was completed in 2020, and CCI observed that it is not covered under Item 1 Schedule 1 exemption.
 
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