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SBI Mutual Fund Increases Stake in Axis Bank to 5.0238%.

Banking & Finance | Dated: 12 Feb 2025

In February 2025, Mumbai (Maharashtra)-based SBI Mutual Fund (MF), managed by SBI Funds Management Limited (SBIFML), increased its stake by 0.036% in Mumbai (Maharashtra)-based Axis Bank Limited.

🎯 Key Highlights:

  • This stake expansion, executed through an open market operation (OMO), amounts to 11,44,160 equity shares.

💡 Other Important Facts:

  • (i) Before this acquisition, SBI MF held a 4.9878% stake in Axis Bank, equivalent to 15,44,18,049 shares.
  • (ii) After the acquisition, SBI Mutual Fund (SBI MF) increased its stake in Axis Bank to 5.0238%, equivalent to 15,55,32,209 shares.

📚 Test Your Knowledge:

Recently, SBI Mutual Fund increased its stake in which bank to 5.0238%?

Correct Answer: Axis Bank

🚀 Quick Recap:

About Axis Bank

  • CEO : Amitabh Chaudhry
  • Headquarter : Mumbai