Axis Bank rises 2% on report of $1.3 bn share sale plan

The bank's shares have gained more than 53 percent over the past year.

shares of Axis Bank gained over 2 percent intraday June 27 on a report of likely share sale by the company.


The bank is likely to consider a $1.3 billion share sale, reported CNBC-TV18 quoting news agencies.

At 14:05 hrs Axis Bank was quoting at Rs 794.00, up to Rs 5.05, or 0.64 percent.

The share had touched a 52-week high of Rs 826.55 on June 6, 2019, and a 52-week low of Rs 499.05 and June 29, 2018.

Currently, it is trading 3.94 percent below its 52-week high and 59.1 percent above its 52-week low.

The bank's share price has gained more than 53 percent over the last year.

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