Thursday 2 July 2020

Axis Bank to raise ₹15,000 Cr via share, Securities sale by ET NOW

Axis Bank to raise ₹15,000 Cr via share, Securities sale

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Axis Bank announced it would raise Rs 15,000 crore, through the issue of equity shares through qualified institutions placement (QIP)s, preferential allotment, or such other permissible mode. In a regulatory filing, Axis Bank said the board at its meeting, has approved the proposal relating to raising of funds not exceeding Rs 15,000 crore. The fundraising proposal will be subject to the approval of shareholders at the ensuing 26th Annual General Meeting (AGM) of the bank. Shares of Axis BankNSE -1.60 % dropped 2 percent in today's trade. Kotak Mahindra Bank last month raised Rs 7,442 crore through a QIP issue. Watch for more details! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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