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Axis Bank to sell 100% stake in subsidiary company

01 Apr 2021 Evaluate

Axis Bank has entered into a Share Purchase agreement on March 31, 2021 for sale of 100% stake in its subsidiary-- Axis Bank UK to OpenPayd Holdings. This transaction is subject to approval by the UK Financial Regulator, the Prudential Regulation Authority (PRA).

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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