ABOUT THE ISSUE

The Specified Undertaking of Unit Trust of India (SUUTI) will sell up to 3 percent stake in Axis Bank through Offer For Sale(OFS) route. The floor price has been set at Rs 689.52 per share and shall be available for subscription to retail investors only on Feb 13, 2019.

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.

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