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SBI FROM REUTERS - Set To Hire BoFA-ML, Deutsche, IIFL, JM Fin, Kotak, SBI Cap For Rs 15,000 Cr QIP SOURCES TO BTVI - RBI To Hold First In Series Of Meetings With Stakeholders

Axis Bank Plans Stake Sale In Unit

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After debt burdened conglomerates, banks are now ready to sell stakes in their non-core businesses. Sources say Axis Bank is looking to sell the majority stake in its merchant acquiring business, which is valued at about Rs.1,000 crore. Bloomberg TV India gives you the details on this new development.