Axis Bank stake sale: 'Forced' delay likely; Modi government's divestment target to take a hit
India was planning to raise 70 billion rupees ($950 million) by selling 4 percent of its stake in Axis Bank by early November, the newspaper reported, adding that a delay would be a setback for the government in meeting its divestment target for the year.
![Axis Bank stake sale: 'Forced' delay likely; Modi government's divestment target to take a hit Axis Bank stake sale: 'Forced' delay likely; Modi government's divestment target to take a hit](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2018/10/06/54932-axis-bank-pti.jpg?itok=gVxIz8BE&c=da547947100163af733b59a7f3adcfd7)
Axis Bank, India`s third-biggest private sector lender, did not immediately respond to an email seeking comment. A spokesman at India`s finance ministry could not immediately be reached, Image source: