Axis spinout may set trend in India
Axis Private Equity, led by MD and CEO Alok Gupta, has confirmed earlier Indian media reports that it is planning to spin out of backer and parent Axis Bank, by buying out its stake in the business.
If the plan goes through, it would be India’s first spinout of a bank-originated private equity firm, and may set a precedent for the local market, where may private equity funds are linked to larger...
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