Thursday, April 25, 2019
News

SUUTI to sell up to 3% stake in Axis Bank

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai | Monday, 2019 10:45:04 PM IST
The Specified Undertaking of Unit Trust of India (SUUTI) has offered to sell up to 1.98 per cent stake in Axis Bank starting at a floor price of Rs 689.52 per share, with plans to additionally sell 1.02 per cent equity shares.

SUUTI, in a statement, said that it will sell up to 5.1 crore shares on the stock exchanges on Tuesday and Wednesday.

"The seller (SUUTI) proposes to sell up to l50,759,949 (1.98 per cent) equity shares of face value of Rs 2 each of the company (base offer size), on February 12, 2019 (T day), (for non-retail investors only) and on February 13, 209 (T+1 day) (for retail investors and non-retail investors who choose to carry forward their unallotted bids) with an option to additionally sell 26,337,187 (1.02 per cent) equity shares of the company," it said.

On Monday, shares of Axis Bank closed at Rs 710.35, lower by Rs 7.90 or 1.10 per cent from the previous close.

--IANS rrb-rv/vd

( 176 Words)

2019-02-11-22:14:07 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Jet tells British entrepreneur to take p...
Air accidents take toll on Boeing earnin...
Nifty IT index hits 52-week high as oil ...
FinMin may raise cap on 59-minute loans ...
SBI to raise Rs 17k cr via bonds in tran...
CBI 'lookout' notice against Bhushan Ste...
More...
 
INDIA WORLD ASIA
TMC has 'syndicate morcha' : Nirmala Sit...
BJP, RJD battle it out to wrest Darbhang...
Entire JeM leadership wiped out in J&K: ...
NPF moves to disqualify seven rebel Naga...
Five killed, 9 injured in landslide in J...
Modi-Mamata's 'friendly relationship' pr...
More...    
 
 Top Stories
UNSC schedules urgent meeting to ad... 
Priyanka, Nick are in love with Par... 
Man impersonates as BCCI chief sele... 
Chris Woakes extremely important fo... 
Andre Russell included in West Indi... 
Central and northern India may expe... 
Taylor Swift 'protected' by songwri... 
Orders coming in for 'Khukri' knive...