Business Standard

FLOOR PRICE SET AT ~689.52 APIECE

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■ Offer will take place on a separate window of the stock exchanges on February 12 (T day) and February 13 (T+1 day)

■ 10% of offer size will be reserved for retail investors; 25% of shares will be reserved for mutual funds and insurance firms

■ Floor price for offer will be ~689.52 per equity share of the firm, 2.9% less than Monday’s closing price of Axis Bank shares of ~710 apiece on BSE

■ As on December 31, 2018, SUUTI held around 9.29% stake in Axis Bank, 7.96% in ITC, and 1.77% in L&T

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