India Digest: Axis Bank divests entire NSDL stake; Nu Metal to acquire OSPIL 

India Digest: Axis Bank divests entire NSDL stake; Nu Metal to acquire OSPIL 

Photo: Reuters

Private-sector lender Axis Bank is divesting its entire 5 per cent stake in National Securities Depository Ltd (NSDL) for a cash consideration of $25.7 million, while Numetal Mauritius is picking a majority stake in Orissa Slurry Pipeline India (OSPIL) that provides for about half of raw material supply of cash strapped Essar Steel’s Hazira plant.

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