Axis Bank buys investment banking arm of Enam

Last updated: 18 November 2010

Axis Bank buys investment banking arm of Enam Private sector lender Axis Bank on Wednesday announced acquisition of investment banking arm of Enam Securities for Rs 2,067 crore. The deal comprises investment banking unit, corporate advisory services and equity distribution arm of Enam Securities. Asset management company and insurance broking arm are not part of the deal. We believe this is a great strategic fit...great cultural fit, Axis Bank Managing Director S
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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