Axis bank in race to acquire Freecharge

Related image

Axis bank could be another prominent player in race to acquire e-wallet and recharge firm Frecharge which is currently a Snapdeal company which they acquired in the mid 2015, a report published in The Economic Times confirmed citing three people in knowledge of the deal.

As per the report published, the acquisition will be valued anything close to $100 million and is on of the major acquisition in the startup world.

No comment from either of the companies has come yet in the media and this could not be independently by Topstorees Media. We are waiting for further comment and keeping an eye on the development.

Freecharge has been in mode of discussion with multiple players and is looking for best suit for the same. Snapdeal acquired Freecharge for $400 million which was one the largest deal at that time.

Comments

More from Political Space

Demonetised notes still being being found stashed with people. Police seizes 1.5 crore worth of old 500 and 1000 notes. Yuvraj Singh and his family has been charged in domestic violence case filed by his sister-in-law Here is how India prepares to bypass Supreme court's ban on sale of fire crackers in NCR. Policemne ready to provide patronage to shopkeepers. Two Suspended in the same case. Korea has hired hackers from India says media reports Sanjay Dutt's biopic's new poster has been released. Here is the new look This is the one question we are still asking but can not find a proper answer. Have you seen Najeeb somewhere? 3 People injured in an heart wrenching accident. ANI reported the news.

More News

Did anyone notice or found mention anywhere that J&K felt low intensity earthquake this morning at around 6:30 am. The police has realesed probable sketch of the Gaurio Lankesh killer sust=pected to be involved in her murder. This is the most disgusting pictures coming from one of the most learned states of the country. Bihar has always lead country to greatness but when we such pictures we surely want to hide our face in shame. The Bihar school asked question which kept Kashmir as a separate nation. The opposition was quick to pick up the issue and bring it to the notice of the general public and blamed it on the mismanagement of ruling party especially on the inefficiency of Nitisk Kumar, CM, Bihar. Dera Sacha Sauda chairperson Vipassana Insan reaches Panchkula police station, she will be questioned along with Honeypreet The sad news of "Amrapali" director Lekh Tandon passing away came in just now. All his fans must be saddened to hear on the demise of the great creator. Big on Hosting. Unlimited Space & Unlimited Bandwidth

International Tweets

Nuclear war may break out any moment: Says North Korea Will you agree to what the survey has to say?