SUUTI proposes to sell up to 3% stake in Axis Bank via OFS

The Economic Times
Diterbitkan di: Feb 12, 2019
4064 dilihat

The Economic Times | A Times Internet Limited product

The government on Tuesday will launch an offer for sale to divest Axis Bank stake, it holds through the Specified Undertaking of Unit Trust of India (SUUTI). The Axis Bank’s SUUTI block is valued at about Rs 5,316 crore. The government plans to sell 1.98 per cent stake in the company as base offer, with an additional 1.02 per cent set aside as greenshoe option.

#businessnews  #FinancialNews  #Market  #AxisBank  #stake  #suuti  #OFS  #greenshoe  


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