Axis Bank Ltd.

Life Insurance Corporation of India (LIC) has sold over 5.25 crore shares, representing about 2 per cent stake, of Axis Bank through open market transaction. With the sale of these shares, stake of LIC in the bank has now come down to 10.2 per cent from 12.21 per cent earlier.

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.