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Government raises about Rs 4,000 crore from sale of 1.95% stake in Axis Bank

21 May 2021 Evaluate

The government has raised about Rs 4,000 crore from sale of 1.95 per cent stake in Axis Bank held through SUUTI. The OFS of Axis Bank got good response from investors with SUUTI garnering about Rs 4,000 crore (subject to reconciliation).

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 735.80
ICICI Bank 1326.50
Axis Bank 1220.00
Kotak Mahindra Bank 403.40
Indusind Bank 912.50
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