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Axis Bank on Friday said it has signed an agreement with GUS Holdings BV to sell 1.40 crore equity shares (10 per cent of total outstanding shares) of ₹10 a share face value of Experian Credit Information of India. Gus Holdings BV will buy the shares at ₹45.7 a share, resulting in a total cash consideration of ₹64 crore. The indicative time for completion of the transaction is June 2017. Shares of Axis Bank closed at ₹490.80, down 1.65 per cent, on the BSE.
Published on March 31, 2017
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