Axis Bank shares rise 2% as lender set to invest Rs 1,500 crore into NBFC arm Axis Finance

March 18, 2026

Axis Bank shares gained after the lender approved a Rs 1,500 crore capital infusion into its NBFC arm, Axis Finance. The move follows a pause in stake sale plans amid regulatory changes. The investment aims to support growth, while the subsidiary prepares to present a revised strategy and capital requirements.

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Mylan sold a ₹1,839 crore stake in Biocon through a block deal, attracting strong institutional demand. ICICI Prudential Mutual Fund emerged as the largest buyer,

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