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Axis Bank sells 4.95% stake in NSDL to HDFC Bank

29 Oct 2018 Evaluate

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.

Axis Bank Share Price

1339.75 -2.75 (-0.20%)
06-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 829.75
ICICI Bank 1426.05
Axis Bank 1339.75
Kotak Mahindra Bank 381.25
Indusind Bank 1009.90
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