Axis Bank Ltd.

Axis Bank has sold 4.95% stake in National Securities Depository (NSDL) to its peer HDFC Bank for a consideration of Rs 163.34 crore. Post-sale, Axis Bank would be left with 0.05% holding in NSDL. With the acquisition, HDFC Bank's holding will increase from the current 5% to 9.95%.

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.