Crisis-ridden private-sector lender Bank of Rajasthan’s (BoR) promoter P K Tayal today ruled out any possibility of selling his stake in the bank amidst speculations that ICICI Bank and Axis Bank have evinced interest for a buy out.
“There are people who are coming (to buy the stake). They are not welcome ... The answer is no,” Tayal said when asked if he was open to sell his shareholding in the bank. At present, the Tayals have a stated holding of 28 per cent in BoR while according to the Sebi, promoters’ actual holding in the entity is around 55 per cent.