Question
The Competition Commission of India (CCI) has slapped a
fine of Rs 40 lakh on which bank for failing to notify the regulator about its acquisition of a stake in CSC e-Governance?Solution
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 the acquisition of a 9.91 percent stake in CSC e-Governance by Axis Bank and got completed in November 2020.
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