Wednesday, 8 February 2017

Axis Bank falls over 2% post selling stake Experian India

Ripples Advisory Private Limited, Indore @9303093093

Shares of Axis Bank dipped over 2 per cent on the Bombay Stock Exchange after the private sector lender said it will divest 10 per cent stake stake in credit information company Experian India for Rs 64 crore. Weighed down by the development, shares of bank declined as much as 2.19 per cent to hit intraday low of Rs 481.80 apiece on the Bombay Stock Exchange. 

In a similar fashion, stocks of lender tanked 1.91 per cent to Rs 484.00 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 28,316.83, down 18.33 points, or 0.06 per cent.

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