REUTERS - UK lender HSBC
HSBC offered 19.6 million shares in Axis Bank for 950.9-970.9 rupees each and 16.8 million shares in Yes Bank for 318.1-324.8 rupees per share through its Mauritius subsidiary, the term sheet said.
Shares in both banks were being sold through HSBC's Mauritius subsidiary at discounts of 3 to 5 percent to their closing price on Wednesday, the term sheet said.
Global institutional investors have been cashing in their holdings in Indian financial services firms.
Earlier this year, Citigroup
(Reporting by Fiona Lau, Daniel Stanton and Abhishek Vishnoi; Editing by Tony Munroe and Hans-Juergen Peters)