Axis Capital MD Dharmesh Mehta takes sabbatical

NEW DELHI: Axis Capital MD and CEO Dharmesh Mehta has taken sabbatical till the outcome of the bid that he has submitted to acquire– the brokerage and investment banking division of IDFC Bank.

“I have taken sabbatical leave from Tuesday as I was involved in submitted bid for a competing business of Axis Capital,” said Mehta.

IDFC Bank that is in the final stage of merger with Capital First is in the process of selling its broking business—IDFC Securities. It has received around five bids, including Axis Capital chief executive Dharmesh Mehta. The remaining bidders include Vikas Khemani of Carnelian Capital, who was previously heading the institutional sales and investment banking business of Edelweiss Financial Services; investment banking and broking firm Equirus Capital; and InCred Finance among others.


Axis Bank did not respond the queries.