Axis Bank slips 2% after 1.2% equity changes hands on BSE via block deal

Shares of Axis Bank slipped 2.4 per cent to Rs 883.80 on the BSE in Tuesday’s intra-day trade after over 1 per cent equity of the private sector lender changed hands via block deal.

At 09:15 AM, around 38.99 million shares representing 1.2 per cent of total equity of Axis Bank changed hands on the BSE, the exchange data shows. The names of the buyers and sellers were not ascertained immediately.

According to media reports, the private investment firm Bain Capital was likely to sell a portion of its stake in Axis Bank on Tuesday through a block