Saturday 16 February 2019
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business-standard - 5 days ago

Axis Bank in focus as SUUTI to sell stake

Axis Bank will be watched. The Specified Undertaking of the United Trust of India (SUUTI)proposes to sell up to 5.07 crore (1.98%) equity shares of face value of Rs 2 each of Axis Bank on 12 February 2019 ( T day ), (for non-retail investors only) and on 13 February 2019 ( T+1 day ) (for retail investors and non-retail investors who choose to carry forward their un-allotted bids) with an option to additionally sell 2.63 crore (1.02%) equity shares of the company (the oversubscription option ).

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