Axis Bank may buy online wallet firm FreeCharge for â¹646cr
Private lender Axis Bank has reportedly emerged as the front-runner to buy Snapdeal-owned digital wallet startup FreeCharge. The report said that the bank is currently conducting due diligence for the acquisition that could be valued at about â¹646 crore. In May, it was reported that Alibaba-backed Paytm had signed a non-exclusive term sheet to acquire FreeCharge.