AXIS Bank Ltd announces execution of agreement for Sale of Equity Stake in Experian India

AXIS Bank Ltd has signed an agreement for sale of 1,40,00,000 equity shares (10% of total outstanding shares) of face value of Rs. 10 per share of Experian Credit Information Company of India Limited ("Experian India" or the "Entity") at Rs.45.7 per share, resulting in a total cash consideration of Rs. 64.00 crore ("Transaction"). The above Transaction is subject to requisite regulatory approvals, including from Reserve Bank of India.

Shares of AXIS BANK LTD. was last trading in BSE at Rs.492.6 as compared to the previous close of Rs. 496.95. The total number of shares traded during the day was 475687 in over 5987 trades.

The stock hit an intraday high of Rs. 499.5 and intraday low of 490.5. The net turnover during the day was Rs. 235572041.

Source : Equity Bulls

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