Weak stock market may force India to defer Axis Bank stake sale

Weak stock market may force India to defer Axis Bank stake sale

People on a motorcycle ride past an Axis Bank Ltd. branch in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg

India may be forced to delay selling its stake in Axis Bank Ltd because of a weak stock market, The Economic Times newspaper reported on Saturday, citing unnamed market sources and an investment banker aware of the development.

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