The stock slumped to a low of Rs 544.35, down 1.83 per cent from its previous close on the BSE. On the NSE, it opened at Rs 546.15, lost ground and hit Rs 544, down 1.91 per cent. Axis Bank late last night had said it would work with Sebi on the issue of 'leakage' of unpublished price sensitive information and take appropriate action.
Axis Bank has to complete the inquiry within three months and file a report to Sebi within seven days thereafter, the regulator said, after it found that the company's results for the June quarter were "either identical or matched closely with the figures" in circulation on WhatsApp prior to an official announcement.
"The bank will work with Sebi and the best experts in the field to investigate the matter and will take action as appropriate," Axis Bank Executive Director Rajesh Dahiya had said on Wednesday.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)