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ENAM ACQUISITION
Axis Bank slashes Enam valuation by a thirdAxis Bank slashed by a third the valuation of Enam Securities' investment banking business it had agreed to buy in November 2010, ending a ...
- Axis-Enam passes RBI litmus test; deal to go through after 17-month wait
Axis' acquisition of Enam Securities is aimed at strengthening its presence in the investment banking and stock broking business.
- Axis Bank board approves Enam Securities acquisition; stock deal worth Rs 1,546 crore
Axis will subsequently transfer the business to a subsidiary, Axis Securities and Sales Ltd (ASSL), for a cash payment of Rs 274 crore.
- Axis Bank's acquisition of Enam's broking & investment banking businesses must be all-cash deal: RBI
Axis would now issue shares, acquire the businesses from Enam and "momentarily" hold the assets before transferring them to a subsidiary.
- Axis pares gains to close 3 pc down on BSE
Buoyed by its acquisition of Enam Securities private sector lender Axis Bank rose about 3% in the early trade but surrendered its gains to ...
Axis-Enam deal: Staff integration key to merger’s successApart from issues on the people front, there can be client-related problems as well.
Enam triggers 2nd wave of consolidationTrust an investment banker to sew up the best deal, at least for himself. And Vallabh Bhanshali, cofounder and chairman of Enam group, just...
Axis-Enam deal: It’s a game changer in fin worldAxis Bank is merging the investment banking and equities businesses of domestic financial major Enam Securities with itself, in a deal valu...
- Axis Bank gains 3 pc in early trade on BSE on Enam acquisition
Axis Bank surged by nearly 3 per cent in early trade on the BSE today, buoyed by its acquisition of brokerage firm Enam Securities.
For each Enam share, its shareholders will get 5.7 of AxisAxis Bank will issue shares equivalent to 3.3% of its expanded share capital to the shareholders of the privately-owned Enam.
- Axis Bank wins Enam, buys its best for Rs 2,067 crore
Axis, led by CEO Shikha Sharma will acquire Enam Securities’ key businesses such as investment banking, institutional & retail broking in a...
Merger with Enam has filled the product gap that we had: Shikha Sharma, AxisAxis Bank's Shikha Sharma said the bank has done well, but it has always had a product gap and the merger with Enam Securities fills that g...
Enam deal a winning formula for Axis, but finding synergy’s criticalGiven Enam's major strengths in investment banking & higher profitability compared to its peers, the deal should pay off for Axis bank in t...
Axis Bank buys investment banking arm of Enam for Rs 2,067 croreThe deal comprises investment banking unit, corporate advisory services and equity distribution arm of Enam Securities.
- Nomura-Enam deal's off: I-bankers
The much-hyped deal ran into rough weather as the Japanese major was reluctant to shell out more than $400 million for the Indian entity.
- I-banks line up for global tie-ups
Indian investment banks are believed to be looking at strategic tie-ups with global majors.
- Munesh Khanna to head I-banking at DSP Merrill
Munesh Khanna, former head of investment banking at Enam, is joining DSP Merrill Lynch to head its investment banking business in the count...