Axis Bank to Sell En­tire 10% in Ex­pe­rian to WestBridge

The Economic Times - - Economy: Macro, Micro & More -

Axis Bank will sell its en­tire 10% stake in credit in­for­ma­tion com­pany Ex­pe­rian In­dia Credit In­for­ma­tion Com­pany to Mau­ri­tius­based in­vest­ment firm WestBridge Cap­i­tal for ₹ 64 crore. The bank, in a no­tice to stock ex­changes, said it had signed an agree­ment for sale of 1.40 crore of eq­uity shares in the com­pany at ₹ 45.7 per share. The trans­ac­tion re­quires reg­u­la­tory ap­provals, in­clud­ing from the Re­serve Bank of In­dia (RBI), the bank said.


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