Axis Bank to sell entire stake in securities depository firm NSDL

Axis Bank Ltd, India’s third-largest private-sector lender by assets, has agreed to divest its entire stake in National Securities Depository Ltd (NSDL) for Rs 165 crore ($25.66 million) in cash. Axis Bank will sell 2 million shares of NSDL, or a 5% stake, at Rs 825 apiece, the lender informed stock exchanges on Thursday. It didn’t say who the buyer […]

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