Axis Bank Limited
SBI Mutual Fund decreased its stake in Axis Bank Limited from 5.86% to 5.24% by selling 13,429,372 shares. The value of shares sold was ₹1,65,99,75,419.52 at ₹1236.00 per share.
A private sector bank incorporated in 1993, this institution provides comprehensive banking and financial services across India. It operates the third-largest branch network among private banks in the country and maintains a significant international presence through branches in Dubai and Singapore, along with representative offices in Abu Dhabi, Sharjah, Dhaka and Dubai, complemented by an offshore banking unit in GIFT City.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.