LIC reduces stake in AXIS BANK LTD to 11.4%

AXIS BANK LTD.'s Promoter, Life Insurance Corporation of India has sold 3137869 equity shares of the company through Market Sale in NSE. The shares were sold for a total amount of Rs. 1931922701.

With this transaction, the shareholding of Life Insurance Corporation of India has reduced from 296150217 (11.53%) to 293012348 (11.4%). The shares were sold during the period 12/4/2018 to 12/6/2018.

Promoter Entity	Shares Acquired / Sold	Date / Period	Holding - Pre Transaction	Holding - Post Transaction
Life Insurance Corporation of India	2084857	12/4/2018 to 12/5/2018	296150217 (11.53%)	294065360 (11.44%)
Life Insurance Corporation of India	1053012	12/6/2018 to 12/6/2018	294065360 (11.44%)	293012348 (11.4%)

Shares of the company was last trading in BSE at Rs.604.25 as compared to the previous close of Rs. 590. The total number of shares traded during the day was 690518 in over 8145 trades.

The stock hit an intraday high of Rs. 615.95 and intraday low of 580. The net turnover during the day was Rs. 415713661.

Source : Equity Bulls

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