California Public Employees’ Retirement System (CalPERS), which is a US based pension fund manager, has sold stake worth Rs 869 crore in private sector lender Axis Bank via an open market transaction.

As per the bulk deals data it has sold 22,426,243 shares or 0.94 percent stake in Axis Bank for Rs 869.02 crore.

An average price of which shares were sold was Rs 387.5, shares has been bought by Genesis Indian Investment Company.

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