Axis Bank has entered into agreement for subscribing to 8,921 equity shares of face value of Rs 10 each for Rs 55 crore to be issued by Equentia SCF Technologies (CredAble).
Percentage of shareholding proposed to be acquired is 5.09%. The indicative time period for completion of the acquisition is by September 30, 2022.
Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
