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Axis Bank s Shares Rise Nearly 2% After Citigroup s India Retail Business Deal

Shares of Axis Bank gained nearly 2 per cent in morning trade on Thursday after the company said it would acquire US-based Citi's consumer business in India for Rs 12,325 crore.

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Axis Bank To Buy Citigroup s Retail Business In India For $2 5 Billion: Report

Private sector lender Axis Bank is close to acquiring Citigroup's retail banking business in India and a deal is likely to be announced soon, sources said on Wednesday.

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