The offer for sale of Specified Undertaking of the Unit Trust of India, SUUTI shares in Axis Bank got good response on day one. Issue subscribed over four times of base size at a clearing price above the floor price by non-retail investors. SUUTI has decided to exercise the green shoe option. Retail investors will get chance to bid tomorrow.
 
The Centre has targeted to raise around 4 thousand crore rupees by selling some shares in Axis Bank held through SUUTI. As of March 31, 2021, SUUTI holds a 3.45 percent stake in Axis Bank.