Axis Bank falls on govt's $935 million stake sale offer

MUMBAI (Reuters) - Shares in Axis Bank Ltd fell after the government launched an offer to sell up to a 9 percent stake in India's third-largest private-sector bank by assets to raise up to $935 million.

Axis Bank shares were down nearly 1 percent, compared with a 0.4 percent gain in the broader Nifty. Axis shares touched a low of 1,322.1 rupees earlier in the day.

(Reporting by Abhishek Vishnoi; Editing by Anand Basu)