Citi is expected to start bilateral negotiations and announce a formal winner in the next one-two months. None of the bidders have offered stocks, and have submitted all-cash bids. The first two are the most aggressive bidders and are the frontrunners.source https://economictimes.indiatimes.com/industry/banking/finance/banking/citi-consumer-business-kotak-mahindra-axis-and-indusind-submit-bids/articleshow/87293878.cms
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