AXIS Bank Ltd to raise Rs. 3500 crore

AXIS Bank Ltd has proposed to raise funds by issuing Unsecured, Subordinated, Perpetual, Additional Tier 1, Basel III compliant Non-Convertible Debentures (Series - 28) of the face value of Rs. 10 lakh each for cash at par aggregating to Rs. 3,500 Crore. The Board of Directors of the Bank will consider the proposal to issue and allot the above Securities through Circular Resolution.

Shares of AXIS BANK LTD. was last trading in BSE at Rs.504.6 as compared to the previous close of Rs. 507.9. The total number of shares traded during the day was 143309 in over 2022 trades.

The stock hit an intraday high of Rs. 511.9 and intraday low of 503.7. The net turnover during the day was Rs. 72502860.

Source : Equity Bulls

Keywords