AXIS Bank Closes Debentures Issue

AXIS Bank Ltd has now announced with reference to the earlier announcement dated June 15, 2009 regarding Issue of Unsecured Redeemable Non-Convertible Subordinated Debentures (Lower Tier II Debentures) of Rs 10,00,000/- each aggregating to Rs 2000 Crores (Rs 1,500 Crores plus Green Shoe Option upto Rs 500 Crores, that the said issue has since been closed on June 15, 2009 by the Bank.

The stock was trading at Rs.722.50, up by Rs.6.05 or 0.84%. The stock hit an intraday high of Rs.725 and low of Rs.700.

The total traded quantity was 169794 compared to 2 week average of 760558.

Source : Equity Bulls

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