Government To Exit Axis Bank With Sale Of 1.55% Stake, Expects To Garner ₹4,000 Crore | CNBC-TV18 |
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The Specified Undertaking of the Unit Trust of India (SUUTI), under the union government, plans to sell 4.65 crore shares representing 1.55 per cent stake in Axis Bank, as per a regulatory filing.
With the sale, the government would completely exit the private sector lender. As of September 2022, the SUUTI held 4,65,34,903 shares representing 1.55 per cent stake in the bank. The government, at the current market price, is expected to realise about Rs 4,000 crore from the share sale. #axisbank #governmentexitsaxisbank #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here. You can also connect with CNBC-TV18 News Online Catch the latest news: https://bit.ly/2YbpXBM Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/ Stay updated with all the market action: https://www.cnbctv18.com/market/ Follow experts on the most vital topics: https://www.cnbctv18.com/expert-views/ Subscribe to our Channel: https://bit.ly/3nvEcxf Like us on Facebook: https://www.facebook.com/cnbctv18india/ Follow us on Twitter: https://twitter.com/CNBCTV18News n18oc_business |