Axis Bank is planning to raise funds through issuance of equity shares/ depository receipts and/or any other instruments or securities representing either equity shares and/or convertible securities linked to equity shares including through Qualified Institutions Placement (QIP)/ American Depository Receipts (ADRs)/Global Depository Receipts (GDRs) program, preferential allotment or such other permissible mode or combinations thereof. The Board of Directors of the Company at its meeting to be held on July 20, 2019 to consider the same.
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.
