Bank of India Limited (BSE:532149) entered into an agreement to acquire remaining 49% stake in BOI AXA Trustee Services Private Limited and BOI AXA Investment Managers Private Limited from AXA Investment Managers Asia Holdings Private Limited for INR 1000 on December 2, 2020. Upon completion BOI AXA Trustee Services Private Limited and BOI AXA Investment Managers Private Limited will become wholly owned subsidiary of Bank of India Limited. AS on March 31, 2020 revenues of BOI AXA Trustee Services Private Limited and BOI AXA Investment Managers Private Limited are INR 1.2 million and INR 254 million. The transaction is subject to Antitrust Regulations and Approval by Regulatory Board/Committee. As of February 10, 2021, the transaction has been approved by Competition Commission of India. The transaction is expected to close by end of December 2020. Bank of India Limited (BSE:532149) completed the acquisition of remaining 49% stake in BOI AXA Trustee Services Private Limited and BOI AXA Investment Managers Private Limited from AXA Investment Managers Asia Holdings Private Limited on December 22, 2021.