Axis Bank QIP sees big names\, gets bids 3x higher

Mumbai: The biggest in global finance want to be allied with Axis Bank.A share-sale offer by India’s fourth-biggest private lender has drawn the $1-trillion Norges Bank Investment Management and the $800- billion Abu Dhabi Investment Authority (ADIA), besides international funds such as Fidelity Investments and Nomura Asset Management. Bids were nearly three times the Rs 10,000-crore in qualified institutional placement (QIP) of stock on