HSBC will sell its entire stakes in Indian lenders Axis Bank and Yes Bank , IFR reported on Wednesday, in a deal through its Mauritius subsidiary that will raise up to 24.5 billion rupees.
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HSBC to sell stakes in Axis Bank, Yes Bank
HSBC will sell its entire stakes in Indian lenders Axis Bank and Yes Bank , IFR reported on Wednesday, in a deal through its Mauritius subsidiary that will raise up to 24.5 billion rupees.
Like this story, share it with millions of investors on M3
HSBC to sell stakes in Axis Bank, Yes Bank
HSBC will sell its entire stakes in Indian lenders Axis Bank and Yes Bank , IFR reported on Wednesday, in a deal through its Mauritius subsidiary that will raise up to 24.5 billion rupees.
HSBC will sell its entire stakes in Indian lenders Axis Bank Yes Bank, IFR reported on Wednesday, in a deal through its Mauritius subsidiary that will raise up to Rs 2450 crore.
HSBC will sell 19.6 million shares in Axis Bank for Rs 950.9 to Rs 970.9 per share, and 16.8 million shares in Yes Bank for Rs 381.1 to Rs 324.8 per share, IFR reported.
Goldman Sachs and HSBC are joint bookrunners for the sales.
