Most likely should fade away with time and I don’t expect a major impact. Not sure why a transaction between two regulated entities completed with regulatory approvals should be made to review via a PIL. Just one of those things I feel that goes on between powerful people.
And if we are to assume that Axis underpaid by 4k cr for the acquisition, let’s say they have to shell it out to Max. That’s just an increase on the acquisition cost and not a direct P&L impact. Axis balance sheet is large enough to absorb it. May be a small penalty impact on the P&L. That’s my understanding of the impact.
Yes question May be raised around governance if allegation turns out to be true, but commercial deals are always complicated. Going forward hopefully the banks further improves on its dealings, if any lapses. Part of business as usual I guess.
Disclaimer - Holding 3 lots Axis bank futures and views may be biased.
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