The offer for sale of up to 3 per cent would be for two days from February 12 and is part of the government’s disinvestment programme through which it aims to raise Rs 80,000 crore in the current fiscal.
Axis Bank Tuesday reported over two-fold jump in net profit to Rs 1,680.85 crore for the third quarter ended December 31. The bank had posted a net profit of Rs 726.44 crore in the corresponding period of the previous fiscal.
In April, Axis Bank board had curtailed the fourth term of its CEO and Managing Director Shikha Sharma to seven months following an unusual request from her that she be relieved on December 2018, 29 months ahead of the scheduled term.
The Net Interest Income (NII) in the fourth quarter of the last fiscal was flat at Rs 4,730 crore, the bank said. Axis Bank's shares ended at Rs 494.55 apiece on the BSE, down 0.77 per cent over on Wednesday's close.