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BRIEF-Axis Bank to sell shares of Experian Credit Information Co of India for 640 mln rupees
February 7, 2017 / 10:40 AM / 8 months ago

BRIEF-Axis Bank to sell shares of Experian Credit Information Co of India for 640 mln rupees

Feb 7 (Reuters) - Axis Bank Ltd

* Says signs agreement for sale of 14 million shares of Experian Credit Information Co of India for INR 640 million Source text: (Axis Bank Limited has informed the Exchange that the Bank has signed an agreement for sale of 1,40,00,000 equity shares (10% of total outstanding shares) of face value of Rs. 10 per share of Experian Credit Information Company of India Limited ( “Experian India” or the “Entity” ) at Rs.45.7 per share, resulting in a total cash consideration of Rs. 64.00 crore ( “Transaction” ). The above Transaction is subject to requisite regulatory approvals, including from Reserve Bank of India) Further company coverage:

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