Citi consumer business: Kotak Mahindra, Axis and IndusInd submit bids

Citi is expected to start bilateral negotiations and announce a formal winner in the next one-two months. None of the bidders have offered stocks, and have submitted all-cash bids. The first two are the most aggressive bidders and are the frontrunners.

from Markets-Economic Times https://ift.tt/3nzwjXk