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Govt to sell 3% Axis Bank stake via OFS

TThe government will come out with an Offer For Sale (OFS) for its Axis Bank stake held through the Specified Undertaking of Unit Trust of India (SUUTI).  The SUUTI plans to sell up to 5 crore shares of face value Rs 2 each of the private lender to raise Rs 5,316 crore. The floor price has been fixed at Rs 689.52 per share. The offer will take place on February 12, 2019 (T day) and February 13, 2019 (T+1 day). Non-Retail Investors can place their bids only on the T day, while retail investors can bid on February 13, 2019.

Read More at The Financial Express News date : 11 Feb 2019, Monday

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