"Axis Bank to Sell Axis Finance: What You Need to Know 🚨

"!Axis Bank to Sell Axis Finance: What You Need to Know 🚨 In a bid to comply with RBI's proposed regulations, Axis Bank is considering selling its wholly-owned NBFC subsidiary, Axis Finance. The bank aims to reduce its stake in subsidiaries, including NBFCs, to 20% or below within two years. 📊 Initially,

Bank planned to take Axis Finance public through an IPO. However, investment bankers advised that a private sale would fetch a higher valuation. The bank is now seeking a complete or majority stake sale, aiming for a valuation of around $1 billion. 💸 Several private equity investors have shown interest in acquiring Axis Finance due to its steady growth and presence in India's financial sector. The NBFC operates in retail and wholesale lending, MSM