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

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

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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)

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