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

Banking & Finance

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.


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

     

     

Main Point :-   (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.


About Axis Bank

CEO : Amitabh Chaudhry
Headquarter : Mumbai
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