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Govt to sell nearly 2% SUUTI stake in Axis Bank, may get Rs 3,969 cr

Floor price set at Rs 680 a share; govt keeps option open to sell additional 0.74% stake

Topics
Axis Bank | Suuti | SUUTI stake sale

Nikunj Ohri  |  New Delhi 



Axis Bank
Photo: Bloomberg

The government will sell nearly 2 per cent stake in Ltd. held through Specified Undertaking of the Unit Trust of India (SUUTI), a move that’s expected to fetch around Rs 3,969 crore to the exchequer in divestment receipts.

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First Published: Tue, May 18 2021. 20:54 IST

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