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CCI approves Bank of India s acquisition of 49% stake each in BOI AXA Investment Managers, BOI AXA Trustee Services Prior to the transaction, Bank of India held 51 percent equity shares each in BAIM and BATS. The approval of the acquisition turns both the entities into wholly owned subsidiaries of the state-run lender. February 10, 2021 / 06:25 PM IST The Competition Commission of India (CCI) on February 10 approved Bank of India s (BoI s) acquisition of 49 percent stake each in BOI AXA Investment Managers (BAIM) and BOI AXA Trustee Services (BATS). Following the approval of this transaction, both BAIM and BATS have become wholly owned subsidiaries of ....