Key facts
- The Competition Commission of India (CCI) approved Kedaara Capital's proposal to acquire a stake in Axis Finance.
- The transaction is valued at Rs 750 crore.
- Axis Finance is a subsidiary of Axis Bank.
- Kedaara Capital will acquire the stake through its affiliates Kedaara Pearl Holding and Kedaara Capital Fund IV AIF.
The Competition Commission of India (CCI) has given its approval for private equity firm Kedaara Capital to acquire a stake in Axis Finance Limited (AFL) for Rs 750 crore. Axis Finance is a non-banking financial company and a wholly-owned subsidiary of Axis Bank.
Kedaara Capital will acquire the stake through its two affiliates, Kedaara Pearl Holding and Kedaara Capital Fund IV AIF. This approval from the fair trade regulator is necessary for deals exceeding a certain threshold, ensuring fair competition.
This investment represents Axis Finance's largest primary capital raise to date and its first funding from an external investor. The company had previously approved a Rs 1,500 crore rights issue on April 17, 2026.