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Axis Bank falls on govt's Rs 5,700 crore stake sale offer

Last Updated: Friday, March 21, 2014, 10:39

Shares of Axis Bank Ltd fell after the government launched an offer to sell up to a 9 percent stake held through SUUTI in India`s third-largest private-sector bank by assets to raise up to Rs 5,700 crore.

Govt receives over Rs 8,500 cr from Axis Bank stake sale, ETF

Last Updated: Friday, March 21, 2014, 08:41

Encouraging response from investors has helped the government raise over Rs 8,500 crore through CPSE ETF and Axis Bank share sale.

Axis Bank stake sale Friday, price band at Rs 1290-1357/share

Last Updated: Thursday, March 20, 2014, 19:10

Government will sell less than half of its stake held through SUUTI in the country's third largest private sector lender Axis Bank on Friday through a block deal for upto Rs 5,700 crore.

Will look at picking up SUTTI stakes if asked, says LIC

Last Updated: Friday, October 12, 2012, 16:43

LIC on Friday said it has not been approached by the government to pick up the latter's stakes in Axis Bank, L&T and ITC, which are currently held by the Special Undertaking of Unit Trust of India (SUUTI), but added if it is so asked, it will definitely look at it.

NAMC to start work in 3 months: Fin Min

Last Updated: Tuesday, April 03, 2012, 19:18

The National Asset Management Company (NAMC), which is being created following dissolution of SUUTI, will start functioning in the next three months, a Finance Ministry official said on Tuesday.