LIC reduces stake in AXIS Bank Ltd to 10.8%

AXIS BANK LTD.'s Promoter, Life Insurance Corporation of India has sold 2270319 equity shares of the company through Market Sale in NSE. The shares were sold for a total amount of Rs. 1406502752.

With this transaction, the shareholding of Life Insurance Corporation of India has reduced from 279635258 (10.88%) to 277364939 (10.8%). The shares were sold during the period 1/2/2019 to 1/3/2019.

Promoter Entity	Shares Acquired / Sold	Date / Period	Holding - Pre Transaction	Holding - Post Transaction
Life Insurance Corporation of India	2270319	1/2/2019 to 1/3/2019	279635258 (10.88%)	277364939 (10.8%)

Shares of the company was last trading in BSE at Rs.619.85 as compared to the previous close of Rs. 607.95. The total number of shares traded during the day was 471975 in over 5090 trades.

The stock hit an intraday high of Rs. 624.7 and intraday low of 609.85. The net turnover during the day was Rs. 291815289.

Source : Equity Bulls

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