Govt sets price band for Axis Bank stake sale - TV channels

NEW DELHI (Reuters) - The government has set a price band of 1,290-1,357 rupees a share for selling a part of its stake in Axis Bank , two local television channels reported on Thursday, citing anonymous sources.

The government holds a 20.7 percent stake in Axis Bank via a trust fund called Specified Undertaking of the Unit Trust of India (SUUTI).

(Reporting by Rajesh Kumar Singh; editing by Malini Menon)