Govt raises ₹4,000 crore from Axis Bank stake sale
The Hindu
The government has raised ₹4,000 crore through the sale of about 1.95% stake held in Axis Bank through the Specified Undertaking of the Unit Trust of India (SUUTI). The offer for sale of Axis Bank sha
The government has raised ₹4,000 crore through the sale of about 1.95% stake held in Axis Bank through the Specified Undertaking of the Unit Trust of India (SUUTI). The offer for sale of Axis Bank shares, that began on Wednesday, got ‘a good response from investors with SUUTI garnering about ₹4,000 crore (subject to reconciliation),’ said DIPAM Secretary Tuhin Kanta Pandey. SUUTI, which was set up to take care of the assets of the erstwhile Unit Trust of India scheme called US-64, is expected to be left with another 1.5% stake in the bank after this transaction.More Related News
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.