Axis Bank has received its shareholders' approval to raise Rs 11,626 crore by selling a 9 percent stake. The bank’s shareholders gave their nod to a proposal to raise equity and equity-linked capital of Rs 11,626 crore (of which equity is Rs 9,063 crore) at its extraordinary general meeting held in Ahmedabad on December 8, 2017. The bank had already received the approval of its board of directors on November 10.
Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
