The Competition Commission of India has approved a ₹750 crore investment by private equity firm Kedaara Capital into Axis Finance Limited, a wholly-owned NBFC subsidiary of Axis Bank.
This is the first time Axis Finance has raised primary capital from an external investor since its inception, ending a period of sole ownership by its parent bank.
The fresh capital is expected to fuel Axis Finance's expansion into high-yield segments, specifically retail lending and MSME financing, according to the post.
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