scorecardresearchGovt to exit Axis Bank with sale of 1.55% stake; expects to garner ₹4,000 crore

Govt to exit Axis Bank with sale of 1.55% stake; expects to garner 4,000 crore

Updated: 10 Nov 2022, 08:23 AM IST
TL;DR.
In May last year, the government sold of 1.95 per cent stake in Axis Bank held through SUUTI for a consideration of about 4,000 crore.
Signage of AXIS Bank Ltd. in Mumbai, India, on Monday, Oct. 17, 2022. AXIS Bank will announce its second quarter results on Oct. 20, 2022. Photographer: Dhiraj Singh/Bloomberg

Signage of AXIS Bank Ltd. in Mumbai, India, on Monday, Oct. 17, 2022. AXIS Bank will announce its second quarter results on Oct. 20, 2022. Photographer: Dhiraj Singh/Bloomberg