Axis Bank has sold 4.95% stake in National Securities Depository (NSDL) to its peer HDFC Bank for a consideration of Rs 163.34 crore. Post-sale, Axis Bank would be left with 0.05% holding in NSDL. With the acquisition, HDFC Bank's holding will increase from the current 5% to 9.95%.
Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
| Company Name | CMP |
|---|---|
| HDFC Bank | 781.20 |
| ICICI Bank | 1264.80 |
| Axis Bank | 1269.40 |
| Kotak Mahindra Bank | 380.75 |
| Indusind Bank | 949.85 |
| View more.. | |
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