Stocks

Axis Bank: Oriental to turn public

PTI New Delhi | Updated on September 15, 2021

Axis Bank board of directors has approved to reclassify Oriental Insurance Company Ltd from promoter category to public category shareholder. The bank said it received a request from OICL , holding a 0.16 per cent stake in the bank, to reclassify it from promoter to public shareholder. The private sector lender said the go-ahead by its board for the reclassification is subject to the approval of the stock exchanges and other regulatory authorities. Axis Bank's shares on Wednesday closed at ₹791.50 apiece on the BSE, down 0.38 per cent from the previous close.

Published on September 15, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.

You May Also Like