Axis Bank said it is selling 14 million equity shares it holds in Experian Credit Information Co of India. The sale is expected to fetch of Rs64 crore. The bank holds 10% stake in the company. The sale is expected to be completed by April after approval from the RBI. Experian, established in 2006, is a joint venture between GUS Holdings (Netherlands), Axis Bank, Union Bank of India, Indian Bank, Federal Bank, Punjab National Bank, Sundaram Finance, Magna Fincorp and VIC Enterprises. In February 2010, it became the first credit information firm to be awarded a license under the new Credit Information Companies (Regulation) Act (CICRA), 2005.
