Axis Bank soars 15% on report PE firm Carlyle could pick 8% stake

The private equity firm Carlyle may infuse $1 billion to own up to 8 per cent of Axis Bank, report suggest.

Shares of Axis Bank soared 15 per cent to Rs 392.5 in the intra-day trade today on the BSE on Wednesday on reports that private equity (PE) firm Carlyle was looking to pick around 8 per cent stake in the lender. The stock trades in the future & option (F&O) segment, which has no circuit limits.

At 2:21 pm, the stock was trading 11 per cent higher at Rs 378 per share, as against a 842 points, or 2.75 per cent, rise in the benchmark S&P BSE Sensex at 31,451 level.

"PE firm Carlyle may infuse $1 billion to own up