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SUUTI appoints 3 merchant bankers for its stake sale in Axis

Last Updated: Tuesday, January 21, 2014, 18:09

The share sale will take place through block trade, they added.

JPMorgan, Citigroup picked for Axis Bank stake sale: Sources

Last Updated: Tuesday, January 21, 2014, 16:08

India has chosen JPMorgan Chase & Co, Citigroup Inc and JM Financial Ltd to help sell half of the government`s stake in Axis Bank Ltd valued at USD 925 million, said three people involved in the process.

Azim Premji may hike stake in JM Financial

Last Updated: Sunday, December 01, 2013, 16:13

As JM Financial awaits RBI view on its bank licence plea, market is abuzz with talks of billionaire Azim Premji buying additional five percent stake in the company that has also roped in former Citibank chief Vikram Pandit as a key investor for its banking pursuit.

JM Financial stock surges 17% after tie-up with Vikram Pandit

Last Updated: Friday, May 17, 2013, 15:49

Shares of JM Financial on Friday shot up by nearly 17 percent in morning trade, after the company said former Citigroup chief Vikram Pandit will buy stake in it.

Sensex fails to maintain early momentum; moves southwards

Last Updated: Friday, May 17, 2013, 09:55

The BSE Sensex on Friday failed to maintain initial gains and declined by seven points in late morning deals due to mild profit booking in consumer durables, healthcare, capital goods and banking sectors, following overnight losses in the US market.

Vikram Pandit to buy stake in JM Financial, to lead its banking foray

Last Updated: Thursday, May 16, 2013, 22:58

Beginning a new innings, former Citigroup chief Vikram Pandit will spearhead Nimesh Kampani- led JM Financial's proposed banking venture and will also make a strategic investment in the financial services group.