Axis Bank Ltd raises Rs. 3851 crore

The Committee of Whole-time Directors of Axis Bank Limited, has approved the allotment of 3,85,100 Fully Paid, Senior, Rated, Listed, Unsecured, Taxable, Redeemable, Long Term Non-Convertible Debenture (Series -7) of face value Rs. 1,00,000/- each ("Debentures") at par aggregating to Rs. 3,851 crore at a coupon rate of 7.64% p.a. payable annually, on a private placement basis.

Shares of Axis Bank Limited was last trading in BSE at Rs. 1111.90 as compared to the previous close of Rs. 1125.75. The total number of shares traded during the day was 411052 in over 10431 trades.

The stock hit an intraday high of Rs. 1134.95 and intraday low of 1107.40. The net turnover during the day was Rs. 458336955.00.

Source : Equity Bulls

Keywords

AxisBank INE238A01034 FundRaising NCDs PrivatePlacement