Axis Bank share price will be in focus as the bank’s shareholder, Bain Capital is expected to offload 3.2 crore shares worth $431 million via a block deal tomorrow, news reports suggested. The deal was expected to be launched post market hours today. Shares of Axis Bank ended higher by 1.06% at Rs 1,076.05 on the NSE today.
The offer price for the block deal is at Rs 1,071-1,076.05 per share. At the lower end of the price band, the deal would happen at a mere 0.5% discount from today’s close of Rs 1,076.05. The deal is likely to happen in the block window.
