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Foreign investment in Axis Bank reaches trigger limit

25 Nov 2013 Evaluate

Reserve Bank of India has notified that the foreign share holding through Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)/Foreign Direct Investment (FDI)/American Depository Receipt (ADR)/Global Depository Receipts (GDRs) in Axis Bank has reached the trigger limit. Accordingly, further purchases of equity shares of Axis Bank would be allowed only after obtaining the Reserve Bank's prior approval.

Axis Bank is the third-largest private sector bank in India. As on June 30, 2013, it had a network of 2021 branches including extension counters and 11,488 automated teller machines (ATMs) across the country.

Axis Bank Share Price

1355.50 -3.65 (-0.27%)
20-Apr-2026 14:42 View Price Chart
Peers
Company Name CMP
HDFC Bank 797.40
ICICI Bank 1355.00
Axis Bank 1355.50
Kotak Mahindra Bank 380.05
Indusind Bank 853.25
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