With reference to Regulation 50(2) of the Listing Regulations, Axis Bank has informed that the bank proposes to raise funds by issuing Senior Unsecured Redeemable non-convertible debentures (Series - 4) of Rs 10 lakh each for cash at par aggregating to Rs 3,000 crore (Base Issue of Rs 1,000 crore and Greenshoe option to retain oversubscription of Rs 2,000 crore, thereby aggregating Rs 3,000 crore). The Committee of Whole-time 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.
