Government sells Axis Bank stake for over $900 million: report

The government has raised more than $900 million by selling a 9 per cent stake in Axis Bank, two sources with direct knowledge of the development said on Friday. The government held 20.7 per cent in Axis Bank, India's third-largest private-sector bank by assets, via a trust fund called Specified Undertaking of the Unit Trust of India (SUUTI), before the stake sale. The share sale was launched on Thursday in the indicative pri...