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National Insurance Company asks Axis Bank for reclassification as public shareholder

05 Mar 2021 Evaluate

Axis Bank’s one of the promoters, National Insurance Company (NICL) has asked it to classify the insurer as a public shareholder. The bank on March 4, 2021, received a request letter from National Insurance Company (NICL), one of the promoters of the bank, to reclassify NICL to public category from promoter category, in accordance with listing regulations.

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.

Peers
Company Name CMP
HDFC Bank 728.10
ICICI Bank 1396.80
Axis Bank 1286.45
Kotak Mahindra Bank 446.00
Indusind Bank 874.00
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