Axis Bank falls as govt sells 9% stake - The New Indian Express

Axis Bank falls as govt sells 9% stake

Published: 21st March 2014 11:19 AM

Last Updated: 21st March 2014 11:19 AM

Axis Bank shares fell on Friday after the Indian government sold up to a 9% stake in the bank via a trust fund called Specified Undertaking of the Unit Trust of India (SUUTI) to raise up to USD 935 million.

Shares of bank are trading at Rs 1,340.85, down Rs 16, or 1.18% at the Bombay Stock Exchange (BSE) on Friday at 9:51 a.m. The scrip has touched an intra-day high of Rs 1,364.80 and low of Rs 1,313.25. The total volume of shares traded at the BSE is 47,636,448.In the earlier session, the shares fell 2.11%, or Rs 29.3, at Rs 1,356.85.Currently, the stock is trading down 13.44% from its 52-week high of Rs 1,549 band above 75.5% over the 52-week low of Rs 764.

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