Axis trustee cuts Reliance Capital holding

MUMBAI: Axis Trustee Services has sold 51.81 lakh shares or nearly 2 per cent of company’s equity worth Rs 71 crore of Reliance Capital on Monday through bulk deals, according to NSE data. Last week, Axis Trustee announced that it had invoked 1.13 crore shares, or 4.47 per cent of the equity, pledged with them. The stock which fell 33 per cent so far this month, declined 10 per cent on Monday to Rs 135.5.