India govt sets price band for Axis Bank stake sale- TV channels

NEW DELHI, March 20 Thu Mar 20, 2014 7:18am EDT

Related Topics

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)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.