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Negandhi became the Co-CEO of the Axis Bank i-banking unit in 2018 along with his colleague Salil Pitale, after the unit s then CEO Dharmesh Mehta left the firm. Pitale will be the sole CEO of Axis Capital going ahead, sources said. Negandhi began his career as a lead analyst in 2005 at Enam Securities, which was acquired by Axis Bank in 2010 and renamed Axis Capital. ....
During his tenure at the company, Oza played a key role in various deals, including Nomura's sale of ASK Group to Blackstone and the sale of diagnostics firm Thyrocare to healthcare firm PharmEasy. ....
Incidentally, Oza, who has had a stint of over 25 years as a dealmaker was also a founding member of Nomura when it set up shop in India back in 2006. ....
(March 4): Walmart Inc.’s Flipkart is exploring going public in the U.S. through a merger with a blank-check company as it seeks to quicken its listing process, according to people familiar with the matter. The Bengaluru-based online retailer has been weighing a U.S. initial public offering and it’s now also looking at other options, the people said. Flipkart’s advisers have approached several SPACs, said one of the people, who asked not to be identified as the information is not public. Flipkart could seek a valuation of at least $35 billion in a blank-check transaction, the people said. ....