Axis Bank Eyes Majority Stake in CreditAccess Grameen: ₹14,000 Crore Deal on Cards

• Axis Bank is reportedly evaluating the acquisition of the promoter's 66.28% stake in microfinance lender CreditAccess Grameen.
• The promoter entity, CreditAccess India BV, has initiated a process to sell its entire stake in the company.
• The estimated value of the promoter stake is approximately ₹14,000 crore, with CreditAccess Grameen's market cap at ₹22,000 crore.
• CreditAccess Grameen has likely appointed one foreign and one Indian investment bank to manage the stake sale process.
• CreditAccess Grameen is a leading microfinance institution with 2,222 branches, 4.4 million borrowers, and ₹26,000 crore AUM.

Why It Matters: Axis Bank is considering a major acquisition of CreditAccess Grameen's promoter stake, valued at ₹14,000 crore.