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Axis Bank terminates agreement to sell 100% stake in Axis Bank UK

05 Aug 2022 Evaluate

Axis Bank has terminated share purchase agreement with OpenPayd Holdings, for sale of 100% stake in Axis Bank UK, a subsidiary of the Bank. The bank will now initiate the winding up process of Axis Bank UK.

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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