Axis Bank completes buyout of Citi’s India consumer business
The transaction, announced in March 2022, has been closed for a cash consideration of 116.03 billion rupees ($1.41 billion).
Adani stocks gain, m-cap up Rs 44,000 crore
The group’s flagship company Adani Enterprises gained 14.70% to close at ₹1,564.3. The stock has surged 31% in two trading sessions. Adani Green, Adani Transmission, Adani Power, Adani Wilmar, Adani Total Gas, and NDTV surged 5% – the highest tradeable limit of the day. Ambuja Cements, ACC, and Adani Ports gained between 2% and 3%.