India govt sets price band for Axis Bank stake sale- TV channels
NEW DELHI, March 20
NEW DELHI, March 20 (Reuters) - The Indian 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)