Connect with us

Hi, what are you looking for?

News

Axis Bank may acquire FreeCharge

Axis Bank is in negotiations to acquire mobile wallet company FreeCharge, now owned by digital marketplace Snapdeal. Snapdeal itself is offering for sale. Axis Bank is said to be conducting due diligence on FreeCharge. If the acquisition happens, there could be respite for the cash-starved Snapdeal. Other banks too have been keen on acquiring Free-Charge, which came to be acquired by Jasper in 2015 in a cash and stock deal. Payments company Paytm too is said to be interested in acquiring FreeCharge.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PR Newswire

Trending

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.