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Axis Bank Limited (AXISBANK.BO)

BSE - BSE Real-time price. Currency in INR
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1,303.95-3.70 (-0.28%)
At close: 03:58PM IST
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  • Reuters

    Bain Capital to sell $429 million stake in India's Axis Bank, term sheet shows

    MUMBAI (Reuters) -Bain Capital plans to sell stake worth $429 million in Indian private lender Axis Bank on Tuesday, according to a term sheet seen by Reuters. The private equity firm, which first purchased shares in the bank in November 2017, will exit its entire holding with Tuesday's stake sale, a source familiar with the matter told Reuters. Bain Capital will sell about 33.40 million shares of the lender, representing an over 1% stake, at an offer price in the range of 1,071 rupees to 1,076.05 rupees per share, the term sheet showed.

  • Reuters

    India's Paytm likely to partner with four banks for enabling UPI transactions, sources say

    India's troubled Paytm is likely to partner with Axis Bank, HDFC Bank, State Bank of India and Yes Bank for processing transactions via the popular unified payments interface (UPI), two sources aware of the development said. The central bank has asked Paytm Payments Bank, the banking unit of Paytm to wind down its business by March 15, leading to disruption for the popular payment app. UPI is India's real-time payments system, operated by the National Payments Corporation of India (NPCI), that allows users to transfer money across banks.

  • Bloomberg

    Troubled Indian Fintech Paytm Wins Reprieve With Axis Deal

    (Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergYour 401(k) Will Be Gone Within a DecadeLargest Covid Vaccine Study Yet Finds Links to Health ConditionsChina Tightens Grip on Stocks With Net Sale Ban at Open, CloseCapital One to Buy Discover for $35 Billion in Top 2024 DealUS Tells Allies Russia May Launch Anti-Satellite Nuclear Weapon Into Space This YearStruggling f