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Divestment drive- Axis Bank OFS subscribed 3.68 times on Day 2

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The Economic Times
Published By The Economic Times On Feb 14, 2019
Category : News/Politics
Duration : 02:02

Description:
The offer for sale (OFS) by Axis Bank was subscribed 3.68 times by retail investors on Wednesday. The strong response by small investors came a day after the issue got an overwhelming response from non-retail investors in the previous session. The issue received retail bids for 2.84 crore shares, which was 3.68 times the total size of 77.09 lakh shares. The portion for retail category was fixed at 10 per cent.


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