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Axis Bank informs about company updates

23 Jun 2017 Evaluate

Axis Bank has informed that the Bank proposes 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.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
HDFC Bank 735.80
ICICI Bank 1326.50
Axis Bank 1220.00
Kotak Mahindra Bank 403.40
Indusind Bank 912.50
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