Axis Bank Limited has entered into a share purchase agreement to sell a 100% stake in Axis Bank U.K. Ltd. to OpenPayd Holdings Ltd. Sale to fetch an overall consideration of $5.5 million along with the book value of the bank.
Transaction is likely to be completed by September 30, 2021, subject to approval from the UK Financial Regulator, the Prudential Regulation Authority (PRA).
At around 11.08 am, Axis Bank Ltd was trading at Rs701.30 per piece up Rs3.80 or 0.54% from its previous closing of Rs697.50 per piece on the BSE.
The scrip opened bullish at Rs706 per piece (day's high so far) and touched a low of Rs695.60 per piece so far.
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